#数字货币市场洞察 $PIPPIN Single-day plunge of 44%: Panic selling or the eve of value restoration?

The market is awash in blood. PIPPIN was nearly cut in half within a day, and retail stop-loss orders were triggered like dominoes. But interestingly, on-chain data tells a completely different story—when the price tanked, activity among large wallet addresses spiked abnormally.

Three intriguing market details:

First, there’s a contradiction in capital flows. Even as the price crashed, open interest in contracts didn’t decrease—in fact, it rose. This means some capital is absorbing the selling pressure. Those building positions amid the crash are either crazy or seeing something others aren’t.

Second, cracks are appearing in the short-seller camp. Recent liquidation data shows that, in the last hour, short liquidations have surpassed longs. This is a subtle turning point—when even the bears start getting hurt, it often signals that the momentum of the one-sided decline is fading.

Third, technical indicators: RSI has dropped to 33, a level of oversold rarely sustained for long in history. Extreme sentiment always gets corrected; the only questions are timing and magnitude.

If you want to participate in this game, here are some reference points:

The approach to opening positions should be to probe gradually, not go all-in. The $0.145 to $0.155 range can be considered for light entries.

If a short-term rebound occurs, the first resistance is near $0.170–$0.185, with stronger upside potential extending to $0.185–$0.210.

But you must set a stop: $0.130 is the do-or-die level. If it breaks, it’s time to stop telling stories.

The market doesn’t care about tears; it only believes in supply, demand, and chips.