A trader recently shared their December performance — a net profit of 11 million in a single month, and also stated that they will go head-to-head with PIPPIN's main funds.

From a market perspective, the likelihood of the main force triggering his liquidation is actually low. First, the liquidation threshold is set too high, making it difficult for the other side to execute; second, rather than wasting effort on forced liquidation, it’s more prudent to sideways oscillate and absorb chips, filling up the fee quota before making a full retreat.

Thinking this way, how long PIPPIN will continue to oscillate depends mainly on the appetite of the main force. The market is thus being psychologically contested by all parties; those who can wait will survive longer.