PEPE drops to 0.00339, grinding along the lows—while some people are疯狂ly increasing leverage. In one day, open interest rises 4.13%. In just 7 hours, whales push leveraged long positions up another 13.19%, and the long-to-short ratio surges to 2.52.
Hold on before you rush to call this a bottom. These “longs” are buying leveraged contracts, not spot—spot large orders show net inflow for five consecutive K-bars, and not a single real dollar has truly come in. Even on the order book, the sell orders in the 20-depth levels are thicker than the buy orders by 1.6x. They don’t have real collateral in hand—everything is held up by leverage. This isn’t “bottom picking”; it’s clearly using leverage to catch a falling knife.
The deeper the price falls, the thicker the leverage positions. Every time you smash another level, the trapped longs accumulate another layer of risk—fuel for liquidation below. I’ll only be short in this setup. Enter a short around 0.00345 on the rebound. First target: 0.00336. If it breaks, I’ll look for even lower.
When does a reversal happen? When spot large orders truly flow back with real money, and price also gathers volume and reclaims above 0.003512 (the 24-hour high). Only if both conditions are met—then I’ll admit the longs have held up this move, and I’ll cancel the shorts.
#pepe $PEPE
Hold on before you rush to call this a bottom. These “longs” are buying leveraged contracts, not spot—spot large orders show net inflow for five consecutive K-bars, and not a single real dollar has truly come in. Even on the order book, the sell orders in the 20-depth levels are thicker than the buy orders by 1.6x. They don’t have real collateral in hand—everything is held up by leverage. This isn’t “bottom picking”; it’s clearly using leverage to catch a falling knife.
The deeper the price falls, the thicker the leverage positions. Every time you smash another level, the trapped longs accumulate another layer of risk—fuel for liquidation below. I’ll only be short in this setup. Enter a short around 0.00345 on the rebound. First target: 0.00336. If it breaks, I’ll look for even lower.
When does a reversal happen? When spot large orders truly flow back with real money, and price also gathers volume and reclaims above 0.003512 (the 24-hour high). Only if both conditions are met—then I’ll admit the longs have held up this move, and I’ll cancel the shorts.
#pepe $PEPE
