#PIPPIN The market maker and the big short have reached a consensus: by causing the stock price to fall, they force the big short to exit, while simultaneously lowering their own cost basis. They reduce losses through funding rates, and after the decline, they can push the price back up to earn more profit.
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#PIPPIN The market maker and the big short have reached a consensus: by causing the stock price to fall, they force the big short to exit, while simultaneously lowering their own cost basis. They reduce losses through funding rates, and after the decline, they can push the price back up to earn more profit.