2025-12-25 08:24:55

PIPPIN has indeed been eye-catching recently, and the large holder's small K-line that has been hotly discussed in the square has caught the attention of many. From the perspective of funding rates, this account has already lost several million dollars, and there are rumors that it might be the market maker intentionally attracting retail investors to short, but no one can say for sure.

Looking at the PIPPIN project itself, large amounts of capital are continuously flowing in, and the fundamentals remain relatively solid. But there is a problem—when long positions accumulate to a certain extent and there are not enough counterparties to take the other side, the price tends to get stuck. To break through upward, in simple terms, someone needs to be on the opposite side to absorb this selling pressure. This is also the core of the struggle with the market maker—the more sufficient the counterparties, the greater the room for manipulation by the market maker.

The market is always right; the only ones who make mistakes are time and judgment. This logic applies everywhere—markets also do not favor anyone.

PIPPIN7.71%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

LiquidationWatcher

· 8h ago

The small K-line move this time is indeed excellent, pouring millions of dollars in, causing panic among people. However, I still believe that the lack of an opponent is the key bottleneck. Really, no matter how fierce the capital inflow is, it's useless if no one is willing to take the other side; that's a dead end. The fundamentals of this situation seem okay, but it all depends on who dares to be the big fool later. The market won't feel sorry for anyone; when it’s time to fall, no one can escape. Honestly, someone still needs to step up and be the counterparty, otherwise this selling pressure could really keep the price firmly suppressed.

View OriginalReply0

NotFinancialAdviser

· 8h ago

Little K-line lost millions and is still pretending, I've seen enough.

View OriginalReply0

GasSavingMaster

· 8h ago

Little K-line this wave lost quite a bit, feeling like it's really acting to attract shorts Lack of opposing orders leads to a deadlock, no doubt, this is why the market makers can do as they please The market won't show mercy to anyone, that hits home PIPPIN's fundamentals are good but it's just stuck, who will come to take over the position? Millions of dollars wasted, the account owner must be quite the actor

View OriginalReply0

FUD_Vaccinated

· 9h ago

Losing millions of dollars and still staying so calm, you must have a strong heart. This move by the small K-line is really just fishing, retail investors are still happily following along. The lack of opposing orders basically means no one dares to take the other side, it's a deadlock and it's nerve-wracking. The market is the most ruthless, it never listens to your explanations. What are the solid fundamentals of PIPPIN, the key is whether the main force wants to push or not.

View OriginalReply0

TerraNeverForget

· 9h ago

Little K-line is still playing after losing millions this round, truly dedicated. Lack of opposing orders is a fatal flaw, no doubt. Another round of whale and retail gambler game, same old trick. Solid fundamentals are bullshit, it's all about stacking funds. The market doesn't favor anyone, including me, the rookie. Let's see who will take the bait first. Daring to chase with such high fees, no brains. If it can't break through, it's a signal, really. PIPPIN's setup is a bit sinister. All the accumulated long positions will eventually need someone to settle.

View OriginalReply0