PIPPIN entered a correction mode after the last rapid spike, with trading volume significantly shrinking, and its overall performance is independent of the overall market trend. From a chip perspective, the market maker is collecting retail investor chips, and once the bilateral chip accumulation is in place, a rally often follows. The current funding rate is at a low of -0.1, which is a major positive for the bulls—making easy money just from the rate. In contrast, the bears are in a difficult position, unable to see clear signs of decline and continuously being eroded by funding costs, which adds psychological pressure. Based on cycle rhythm, Sunday is very likely to usher in a new upward wave, and the market will provide clearer directional signals then. The current position is worth close attention, and the specific entry rhythm can be further discussed in the community.