Recently, PIPPIN suddenly surged from a certain price level to 0.76, then quickly retreated. This move indeed sparked quite a bit of discussion. A close look at the market chart shows that such precise price fluctuations are clearly not accidental—large short positions were concentrated and liquidated at this point, and then the price immediately returned to a relatively low level.

This phenomenon is not uncommon in the market. Institutions or big players use liquidity gaps to create rapid volatility, aiming to trigger stop-losses and margin calls. Retail traders' short positions often become the "prey" of such operations—being precisely harvested before the market returns to calm.

The problem is that this operational pattern gradually erodes trading fairness. For ordinary traders, their stop-loss points and leverage configurations may be transparent to large funds. When such information asymmetry is repeatedly exploited, market participants find it increasingly difficult to trust the objectivity of the "pricing mechanism."

Trading inherently involves risks, but the market's predictability and fairness are the final psychological supports for participants. Once this support is eroded, retail traders' confidence also dissipates.