It looks like a typical bear trap. Many people might get caught here by shorting, only to end up trapped themselves. The key is to observe the trend of funding rates—once they shift from negative to positive, long positions may have a chance to rebound. The recent performance of the
$LIGHT token is indeed worth paying attention to, especially when market sentiment is extremely pessimistic, as it often presents a good opportunity for contrarian trading. Many traders are forced to cut losses at such moments.