#比特币流动性 $PIPPIN's recent trend shows typical wash-out and rally cycle characteristics. From the candlestick patterns, after an initial upward movement, the main force begins to steadily sell off, creating oscillation, but each dip stabilizes near key support levels and quickly rebounds, with trading volume significantly shrinking—these signs usually indicate that institutions are shaking off weak holders through amplitude manipulation.

On the psychological level, market panic often prompts retail investors to cut losses, which is precisely the window for the main force to clear out floating positions and raise the average holding cost. By suppressing the price to induce panic and then absorbing chips at support levels, the main force eliminates profit-taking pressure ahead of the subsequent rally phase.

In the past 24 hours, $PIPPIN's technical performance shows a deep V-shaped formation on the hourly chart, precisely controlled at key price levels, which typically signals that the accumulation phase is about to end. Bears need to remain cautious, as such formations are often the last shake-out before entering an upward channel.

At the same time, you can also observe on-chain data for $ZEC and $SOL as reference indicators of market sentiment.