The $1000PEPE breakout on the 15-minute timeframe is pretty interesting—the price fell 0.74%, but OI didn’t follow suit. One-hour OI notional dropped by 739K, ranking #10 across the pool. Combined with an active trade delta of -32.6% and a buy/sell ratio of 0.51, shorts are in control, but it looks more like longs are actively cutting positions and deleveraging. The close fell below the lower bound of the recent 20-candle 5-minute range, with depth confirming the move; it ranked #35 for anomalies across the pool. 24-hour trading volume is around 217M, which is no small amount. With price, volume, and OI all declining, I’ll first watch for further position contraction to continue—not rushing to act.