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BEAT recently closed short positions between 4.2 and 2.2, and I haven't paid much attention since then. I just noticed it has now been listed on the decline leaderboard, and the project team has started a large-scale release plan. The current market cap is still around 200 million. In such a liquidity-tight market environment, the downside potential is actually quite significant. Once a rebound occurs, it will be a good opportunity to open new short positions.
Another point worth noting is pippin. Recently, after a whale was liquidated, the open interest in the market has started to shrink noticeably. If BEAT continues to weaken, it could trigger a chain reaction, directly impacting pippin's price. Based on this correlation, the timing for shorting pippin might arrive earlier than expected. Market participants can prepare in advance.