#美联储启动新一轮降息周期 $PIPPIN was once pushed up to 0.39 this afternoon, then gradually started to pull back. The current trend is a typical range-bound oscillation — there’s no strength to continue the upward push, nor is there panic selling. On-chain data is quite interesting; funds continue to flow in net, indicating that big players are still quietly positioning, and there’s no sign of major players running away. The funding rate remains at normal levels, with half an hour left until the next settlement.

Carefully examining the order book, you’ll notice it repeatedly hits the bottom at the 0.36 line — this is no coincidence. The market makers are consolidating here to eat up the short stop-loss orders and accumulate chips. Once the next hourly candle confirms, there’s a high chance of a second rally.

Speaking of which, assets like $PIPPIN with high volatility behave this way — large fluctuations mean that a slight misjudgment of entry points can easily lead to falling into traps. To profit steadily in this kind of oscillating market, precise positioning is key — this requires the ability to read on-chain fund movements and discipline to avoid greed.