$BABY

The pancake rebounds, but baby keeps going down, why is this?

It's simple, because the big players have started to unload their positions, the funds chasing highs and the funds trying to catch the bottom are all liquidity exits for the big players. When the main players start to run away, you shouldn't carelessly catch falling knives. Just like when the main players were pushing the price up a few days ago, you shouldn't casually try to time the top. This main player is still quite strong, they pushed the price up and cut a wave of retail investors, and now during the downturn, they are cutting another wave.

Let me explain to everyone, actually the profit from short selling is continuously decreasing. Take baby as an example, if you shorted at the peak of 0.167 and I shorted at 0.125, the profit difference now is less than 20%, but the risk you are taking is huge. Short selling requires certainty, not a huge risk-reward ratio.