$PIPPIN’s on‑chain picture is a tug‑of‑war: a steady positive funding rate shows bulls still in charge, but the market’s extreme polarization and rising leverage mean a sudden swing could spark a violent short‑squeeze or a sharp reversal—essentially a “double kill” for both sides. History warns that funding‑fee arbitrage strategies crumble when volatility spikes, so keep an eye on position concentration and steer clear of big trades when liquidity thens. Stay alert, and trade small until the dust settles.
pippin
Alpha
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-4.23%