PIPPIN's recent trend is quite interesting. The current price is at 0.42476, having fallen back from the 24-hour high of 0.44650, a decline of over 4.87%. Behind this is a key signal—the total contract holdings and holding value are both decreasing simultaneously, indicating ongoing capital outflows, which provides clear support for further price decline.

The comparison between bullish and bearish accounts is also quite intriguing. Although bullish accounts still hold the majority, the bearish forces are gradually accumulating. Over time, there are clear signs of the bullish-bearish landscape deteriorating, with bears starting to take control of the rhythm. This shift is not a one- or two-day event but a trend change.

Based on these points, short-term traders might consider lightly entering short positions. If you want to be responsible for your position, placing a stop-loss above 0.44650 is sufficient. This level is a critical resistance point for rebounds; once effectively broken, the entire logic needs to be reassessed.