What is the truth behind the continuous rise of Pippin's price? The seemingly calm increase is actually driven by big players疯狂搜刮. Funding rates remain negative, and the bears are still坚持——每一次加仓都是在自掘坟墓. That is the core issue. When the funding rate finally turns positive and the big players have had enough of this prey game, a legendary short squeeze is imminent. At that point, what will the trapped short positions look like? The seemingly solid short positions now could quickly turn into market fuel.