Recently, BEAT's trend has been quite interesting. Look at the volume surge and the -25% drop, yet the open interest remains high. This contradictory phenomenon is actually a typical signal of long leverage being wiped out.

From the order book perspective, what is the real story? Selling pressure is continuously absorbing, but buyers have not provided effective support for a counterattack. The price action has long broken all recent technical structures, and there is no sign of weakening in the downward momentum. This is not a complicated situation; following the trend and shorting is actually the only reasonable logic.

Technical arrangement: entering between 0.295 and 0.305 is relatively safe. Set the stop-loss at 0.325, which is rigid. As for targets, first look at 0.265, then further down to 0.235. The passive selling pressure from the bulls will continue as long as the high open interest situation does not improve. This downward trend is worth following.