PIPPIN quickly recovered after this downward spike to around 0.405, which is worth paying attention to. The key point is—funding rates remain negative. What does this indicate? The short-selling momentum is already waning, and market sentiment is shifting. From the perspective of major players, such rapid spikes are often a means to clear out chips. The purpose is very clear: to shake out retail investors at low levels and concentrate floating chips before a rise. The current price level indeed warrants consideration for establishing long positions. However, a reminder—there may still be a round of bottoming and oscillation before the rally, which is a common preparatory move. Proper operation can yield substantial profits, but risks are to be borne by oneself. If the view is opposite, shorting is also an option. The core is to be responsible for your own decisions and not follow the crowd blindly.