$pippin ｜High Volatility Emotion Coin: The Main Rising Wave Has Completed, Entering the 'Capital Divergence Game Period'

1️⃣ Current Stage Judgment

Conclusion First:

PIPPIN is currently closer to the late stage of the main rising wave → High-level fluctuation divergence phase,

no longer belongs to the 'low-risk trend participation zone'.

2️⃣ Structure and Trend Analysis

From the daily structure, PIPPIN previously belonged to a typical emotion-driven rapid surge:

Rising rhythm concentrated

K-line entity enlarged

Short pullback time, shallow amplitude

Belongs to '抢筹式' surge rather than slow trend

However, after entering the current stage, three obvious changes have occurred:

High points are no longer significantly elevated

Pullbacks are no longer decreasing in volume

Fluctuation range has widened

What does this indicate?

It indicates that chips are beginning to be redistributed at high levels, rather than being locked in one direction.

3️⃣ Volume, Price, and OI

Rising Stage: Volume increases + OI rises synchronously (healthy)

Current Stage: Volume is still large, but price extension is insufficient

High-level OI fluctuation indicates obvious long-short divergence

This type of structure fears one thing:

'Increased volume but no trend.'

This often means:

Trend dividends have been overdrawn in advance.

4️⃣ Trend Expectations

PIPPIN has two possible paths ahead:

Strong Path:

After fluctuations, a significant decrease in volume occurs → Volume breaks through the upper range again

Weak Path (higher probability):

High-level fluctuations → Emotion fades → Returns to the center or even retests previous structure points

5️⃣ Qualitative Summary

PIPPIN is currently a 'speculative coin', not a 'trend coin'.

Whether it can move to the second segment depends on whether funds are willing to offer trend premiums again. #美联储回购协议计划 #比特币流动性 #隐私叙事回归 $BTC $ETH