I saw someone taking a big fall on PIPPIN in the square. I heard they were targeted by the whales, so they made a 1x short position, but ended up losing $210 in a reverse move. Even more outrageous, they got hit with a whole wave of funding fees, which completely ate into their profits. From the way they described it, they must really be fed up and just gave up.

Speaking of this, I can't help but feel a bit emotional. The last time on PIPPIN, there was a similar situation—I went short once, and I got liquidated directly. A painful lesson, everyone. Now I see someone still daring to short this market, I really admire that. If I hadn’t been liquidated before, I might try to dip my toes in too. But now I’m really a bit scared; after all, market movements are unpredictable for everyone.

Just want to ask you guys, are any of you confident about this shorting trend? I’m holding a wait-and-see attitude, let’s see how it goes.