PIPPIN has recently experienced a significant increase of 3.7%, and the driving forces behind it are worth paying attention to.

According to market observations, this rebound directly triggered a large-scale short squeeze. Data shows that shorts suffered a massive loss of $284 million in a short period of time. This is not just simple price fluctuation but a result of real capital game. When such a level of short liquidation occurs, it often attracts more long capital to enter, forming a self-reinforcing upward cycle.

From a technical perspective, PIPPIN's short-term performance after triggering the price of 0.4942 is particularly strong: both the 5-minute and 15-minute levels recorded a 3.7% increase, the 30-minute level also maintained a 3.7% rise, the 1-hour level retreated to 1.96%, and the 4-hour chart shows 0.41%. This highly consistent short-term increase indicates that funds are rapidly building positions, and market sentiment is leaning towards optimism.

Huge losses by shorts often signal a turning point in market sentiment, and longs may further increase their bets. The current market structure has already undergone a clear shift, and the subsequent trend warrants continued observation.