$PIPPIN's recent movement has been very fierce. In the past 24 hours, the total liquidations of shorts exceeded $10.43 million, indicating that the main forces are clearly clearing out short positions. Yesterday, someone anticipated a bullish opportunity in advance, and traders who followed the trend should have gained nicely.

Market sentiment has changed noticeably—funding rates have shifted from negative to positive, indicating that after a large number of short positions were liquidated, longs are starting to dominate. In this kind of one-sided market, the cost of contrarian trading is so brutal.

Tonight, focus on the Federal Reserve policy meeting; expectations of rate cuts could trigger a new round of volatility. At this critical moment, whether going long or short, you must manage your positions carefully and avoid being completely wiped out by a sudden market move. High volatility means high risk, so remember to set stop-loss orders while staying up late monitoring the market.