$PEPE against $BTC looks absolutely unhinged right now. This chart is screaming something — either a violent squeeze setup or we're about to see a brutal mean reversion. Watch the derivatives stack here. If open interest is climbing while funding stays neutral or negative, that's your coil. If liquidation clusters are stacking above current price with weak OI support, fade the breakout. Don't chase this without checking where the leverage sits. Price action this wild usually ends with someone getting absolutely wrecked — make sure it's not you.