Looking at the recent trend of PIPPIN, there have been frequent increases in short orders, and the market data shows typical sideways characteristics. Interestingly, the performance of this coin on a micro level is becoming increasingly regular—there are signs of capital flow at fixed times every day, as if someone is precisely controlling the rhythm.

From the K-line pattern, the price fluctuates slightly within a narrow range and seems to lack a clear directional breakthrough. What is more concerning is the way funds are being operated; the daily stable withdrawal of funds has left many retail investors in a state of fatigue. If this model continues, it will indeed test the mentality of coin holders.

However, speaking of which, this phenomenon is not uncommon in the coin circle. The key is to understand the underlying funding logic—when it is real demand driving, and when it is passive following the trend. It is especially important to be cautious during the sideways phase, as this is often a critical moment for the main force to accumulate or distribute.