When judging the trading direction of a token, we consider more about the market environment and capital dynamics rather than the intrinsic value of the project itself. For ALPINE, as a fan token, it has specific application scenarios and user groups, which is its reason for existence. However, based on the current market conditions, the logic for shorting is more reasonable.

Firstly, the price elasticity of fan tokens is often directly linked to topicality and market heat. During periods of low event heat or official activities, market attention can easily decline, leading to insufficient price support.

Secondly, the current overall market leans towards mainstream currencies, with capital preferring safety and liquidity, resulting in small and medium-sized tokens being easily squeezed. For ALPINE, this 'capital siphoning effect' will increase downward pressure.

Thirdly, on the technical side, ALPINE has shown signs of weakening momentum after a phase of price surges, and if trading volume does not follow up, the price may face adjustments in the short term.

It is important to note that this does not deny ALPINE's long-term value. If significant collaborations, events, or topics arise in the future, it could still face a rebound. However, under the current market conditions, considering a short position is more favorable in terms of risk-reward ratio.

Therefore, the logic for shorting ALPINE is based on the phase market supply and demand relationship rather than a denial of the project itself. Rational trading and dynamic responses are the core of stability.