🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
During PIPPIN's recent surge, a mysterious trader's short position seemed to have been liquidated directly. At first glance, this seems quite absurd—a account that has survived in the crypto space for 8 years, how could it make such a basic mistake?
But upon further reflection, it doesn't add up. True long-term traders wouldn't be so easily wiped out. Since that account has persisted for 8 years, it indicates that the operator has some experience and risk management awareness. So what exactly caused the liquidation this time?
A more likely scenario is that this trader was cooperating with the main force. By intentionally liquidating positions, they create the illusion of a brutal short squeeze, further driving up the price and paving the way for the main force's large-scale sell-off. Such cooperation is not uncommon during major market movements—some lead the way, others follow and buy in, while the main force takes the opportunity to offload assets, each fulfilling their role.
From this perspective, the liquidation isn't due to incompetence but is instead a carefully orchestrated market performance.