#美联储降息 PIEVERSE has experienced quite a stir over the past few days due to token unlock events — short-term declines once reached 35%. Looking at exchange data, the funding rate remains around -5, which often indicates that bears are accumulating positions. Some market logic follows this pattern: a slight rally, then a pullback, with repeated fluctuations causing shorts to add to their positions, eventually consuming this portion of the funding. PIEVERSE's all-time high once touched 1 yuan, and from a technical perspective, it still maintains a bullish outlook. The movements of the project’s whales are difficult to predict; there are no absolute signals for when a rally will be triggered. However, as long as the fundamentals hold, there is still room for a rebound. Currently, the market is in a phase of continuous positioning, and this high-low switching pattern may persist in the short term. Traders aiming to grasp the rhythm should pay attention to changes in funding rates and trading volume data, as these details often provide clearer directional insights.