#美联储重启降息步伐 $PIPPIN This round of correction has left many retail investors in a passive position. A friend told me they've been staring at the charts for several days, hoping for a big red candle to break even—but reality is often harsher.

From the market perspective, the main players haven't reached the distribution phase yet. After this morning's brief dip, prices quickly stabilized, indicating that some funds are deliberately propping up the market. What's even more ruthless is the funding mechanism: there's a round of liquidation every hour, with short positions being continuously depleted.

On-chain data is even more straightforward—the main funds are still in a net inflow state, with a certain whale address sweeping in 8.2M PIPPIN in a single transaction. In this setup, those who are shorting at the bottom must be suffering right now. According to the logic of altcoin shakeouts, only when all contract shorts are liquidated will the market makers really dump and exit. That's when it will be the golden entry point for short positions.

In the short term, keep monitoring changes in funding rates and large on-chain transfers. $ETH $BOB The recent correlations are also worth paying attention to.