BEAT and PIPPIN have been quite the roller coaster lately. From the daily chart, their patterns are almost identical—first a sharp rally to attract attention, then a slow decline, like boiling a frog in warm water. The market makers are quite relaxed, gradually unloading, occasionally triggering small rebounds to tickle retail investors and follow-the-leader funds into the market, then continuing the downward pressure.

Honestly, there are probably quite a few people trapped in these two coins right now. Especially PIPPIN, which is extremely frustrating—many investors have been caught on both the long and short sides.

The most painful signal comes from on-chain data. It's clear that address outflows are increasing, which is a typical sign of major players taking profits. Instead of waiting to be repeatedly harvested, it's better to consider shorting on rebounds, as the risk-reward ratio is actually higher. If there are technical rebounds later, that would be a good shorting opportunity.