$PIPPIN ‌

Once you see a perpetual contract of a certain coin being collectively cut from 50x+ to below 20x by major exchanges within a few hours, and the maximum position size dropping significantly:
• Immediately close long positions, even if there are unrealized losses, and run
• Consider lightly shorting or waiting for a dip to buy the bottom
• Never think that “limiting leverage is to protect retail investors and it will go up” → this is almost a guaranteed death trap
Over the past 3 years, 99% of coins that experienced collective leverage reductions (LUNA2, FTT, JASMY, BIGTIME, BLUR, WLD, MEME, PEPE, WIF, BONK, POPCAT, MOODENG, GOAT, ACT…) saw a sharp decline within 24–72 hours after the leverage reduction, with the most severe dropping to zero or losing 99%.
So the only answer is one sentence:
A sudden large restriction on leverage and amounts almost always leads to a big drop or crash afterward, with very few exceptions.
See it and run, don’t hesitate.