$PIPPIN this wave of market movement, the whales have actually been quite restrained. Facing a top-level short seller like KZ, to withstand the pressure and maintain an advantage, the whales need to invest a large amount of capital to fight back, but this in itself is a paradox. From the perspective of financial operations, the recent surge past 23,000 points by the whales is very likely based on some consensus with the capital side—giving up a portion of profits to the capital providers in exchange for a more stable operational space. Capital is inherently profit-driven; since the whales haven't wiped out all the long and short traders, it indicates they are already managing risk.

Many people may not be very familiar with the operational tactics of bridge funding. The process is as follows: after the capital side profits through cooperation, they leave necessary bridge funds to continue operations, allowing the whales to gain a clearer trading environment. This way, both sides get what they need, and no one suffers a loss. Besides this logic, I really can't think of why the whales would make such an aggressive move.

Ultimately, the contract and futures markets are a life-and-death game. But we often forget a key point: whether long or short, participants are living, breathing people. Everyone has to make a living, and everyone has their own desires and demands. This is not a moral issue, but the true nature of market operation.