$PIPPIN It's been a while since I checked Pippin. After hitting a historical high, it's been consolidating for days. Now at relatively low levels, contracts are being dumped, the basis is expanding, and the funding rate interval has changed to 1h. Pricing power is in the hands of the whales. What about spot holdings? Unclear, but it's certain someone took the high position and hasn't cleared it yet. What about contract holdings? Unclear, but it's certain many short positions were opened during the dump. Buy low and sell high, stop losses in time or hold longer than the main force. Another possibility is that the whale is abandoning the market. Since they're collecting funding fees, we'll see if the fees turn positive or negative afterwards, whether it's spot dumping or contract short position closing.
$PIPPIN It's been a while since I checked Pippin. After hitting a historical high, it's been consolidating for days. Now at relatively low levels, contracts are being dumped, the basis is expanding, and the funding rate interval has changed to 1h. Pricing power is in the hands of the whales. What about spot holdings? Unclear, but it's certain someone took the high position and hasn't cleared it yet. What about contract holdings? Unclear, but it's certain many short positions were opened during the dump. Buy low and sell high, stop losses in time or hold longer than the main force. Another possibility is that the whale is abandoning the market. Since they're collecting funding fees, we'll see if the fees turn positive or negative afterwards, whether it's spot dumping or contract short position closing.