PIEVERSE recent downtrend is indeed somewhat steep, but this situation is roughly similar to the previous cycle. Historical experience tells us that rapid declines generally occur in the final one or two days before unlocking, and now we're still two days away from the unlock—there's still plenty of time.

For friends holding positions, I want to say that this price level shows no significant difference compared to last time, so there's no need to rush into hedging. The risk is there, but from a historical perspective, this type of project is unlikely to decline all the way to zero.

For those looking to open short positions, I have to advise—this position is really too awkward. Looking at what happened before, the bottom support is actually quite solid. It's better to wait patiently and get through this unlock period, and then the subsequent trend will become much clearer.