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The mystery of PI coin's price explosion while everyone else shorts it

In the wonderful world of cryptocurrencies, we often encounter phenomena that are difficult to understand. Recently, PI coin has brought such an unexpected situation to everyone. When everyone thought it was failing and rushed to short it, its price skyrocketed as if it were on a rocket. What is going on here? Today, let's analyze it thoroughly.
1. The powerful magic of market expectations
When news of PI coin's mainnet launch arrived, the market was like a fire being ignited, and investors' expectations soared. Everyone felt that after the mainnet launch, the value of PI coin would definitely rise sharply. This expectation acts like an invisible force, attracting a large number of investors to buy PI coin, hoping to make a profit from future increases. It's like everyone is optimistic about a potential stock, believing it will rise, and thus they scramble to buy. Even if some people look bearish and start shorting, this strong expectation of rising prices still leads more people to choose to buy, resulting in a price increase.