Hippos are not something you should pursue too much 😂 If the market doesn't strengthen, it's very risky to chase after a double after a pullback. However, for these counterfeit goods that are being heavily stocked, even if they want to dump them, it's hard to crash down all at once. Even if there's a dump, there's a high probability that it will rebound after a short squeeze, potentially reaching or even exceeding previous highs. Right now, it's easy to get stuck if you short in this sideways market, but you could argue that going long is also not necessary. From both perspectives, it's not easy to operate; just a reminder that there's no need to short it at the moment. At this position, the risks for both long and short are significant, so there's no need to be greedy.

#moodeng Never think about shorting just because the price is high; do not try to catch the top before the main force has sold. Especially in a bull market, the hippo's contract positions can double in a single day, and small levels are still continuously flowing in. At the same time, from the data, it appears that the main force is continuing to increase long positions, while retail investors are reducing long positions or placing shorts. If the main force does not want to sell, these retail investors' short positions can easily become the fuel for the main force to continue pushing higher.
This position has already doubled, and no one dares to chase long positions, but please be reminded not to think about shorting just because it has risen so much. If the main force has not sold, shorting is just giving the main force a counterpart. Once there are enough counterpart positions, the main force can continue to pump money and push higher, which is entirely possible. If you really want to short, it is suitable to wait until the main force has sold a large amount first, and only consider shorting when there is a clear rebound and a significant outflow of funds after the sale.