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#以太坊行情解读 PIPPIN Contract Anomalies: The True Dilemma for Traders
Recently, the PIPPIN asset has caused quite a stir in the futures market. Persistently high funding rates, intense and disorderly price fluctuations have left many traders feeling overwhelmed. Rumors circulate that major players are secretly suppressing positions in certain directions, and some even complain about bizarre automatic liquidations. These signals, combined, make it hard not to suspect a lack of transparency in this market.
In essence, sideways trading combined with high fees is a common battleground in futures trading. But the level of "standoff" in PIPPIN is indeed excessive—no clear trend to follow, unpredictable volatility rhythm, those trying to buy the dip get crushed, those trying to follow the trend get trapped. Almost all participants find themselves in a passive position. In such an environment of information asymmetry and fuzzy rules, trading risks are much higher than in conventional assets.
What we should really be wary of are double damages: high-frequency pinning combined with continuous funding costs, which are slowly eroding account principal. Without effective regulation as a safeguard, participating in PIPPIN trading is no different from walking on a minefield.
My straightforward advice to everyone—stay cautious, strictly control your positions, and avoid heavy bets. When necessary, choose to stay on the sidelines and wait for clearer market conditions. Sometimes, abstaining from participation is the best risk management. $BTC $ETH