#大户持仓变化 $PIPPIN has been extremely popular lately, and many traders are confused by its bizarre movements. Looking into the history of this coin, there are indeed some clues.

Since the end of last month, the hype has not subsided. The repeated pattern of rising, oscillating, and rising again has numbed many retail investors. Interestingly, as soon as a negative trend appears on the chart, retail investors reflexively open short positions, only to be pulled back up in the blink of an eye. This cycle repeats over and over, and more and more people get trapped—either cutting losses, holding on stubbornly, or waiting for liquidation. These are the three main paths. This is a typical pattern of main players controlling the market.

On-chain data clearly shows the situation. Large investors' funds are continuously flowing in, with no signs of retreat. Looking at the fees, they are negative. For coins that incur fees every hour, short positions won't survive; they have long been drained by fees. Honestly, it's better to avoid such manipulative markets; the risks are too unfriendly to retail investors. Currently, the market mainly favors long positions. If you're caught in a trap now, feel free to talk to me—there might be a way out.