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PIPPIN has caused many people to be trapped for a long time—both longs and shorts are caught, repeatedly tortured. After the last spike and surge, you can clearly feel the main funds on the chain quietly pulling out. The current trend is just endless oscillating decline. Want a rebound? The trading volume simply can't support it.
That's the problem. Once the hype around a altcoin fades, there's basically no real buying power to absorb the sell-off. I am still holding my short position, after all, the overall logic hasn't changed. The situation with ETH and SOL is relatively healthier, but in this market, uncertain things still need to be repeatedly discussed in the chat room—don't rush to make a move. The game of altcoin rotation seems simple, but in reality, it tests patience more than anything else.