$pippin This round of fee pulling has been quite aggressive, basically trying to suppress the bearish voices. Looking at it from another perspective, if you are the market maker and now hold all the chips, why bother to push it up? The shorts are almost exposed, and the longs are already well-fed. At this moment, the most cost-effective move is to find an opportunity to directly smash the price down. Pushing it up further yields less profit than a single, forceful dump. Therefore, from this logic, shorting now actually offers a good risk-reward ratio. Of course, the market is ever-changing, and no one can predict what will happen next; this is just an observation based on the current rhythm.