$1000PEPE Long positions, don’t get carried away. I’m bearish on this move. Spot big orders have net-inflow flatlined at zero—no real money in, not a cent of hard cash. Yet the price is still creeping up—what’s rising is retail sentiment, not funds aggressively accumulating. On the futures side, open interest is not increasing but shrinking; the “virtual heat” propped up by buy orders will burn out as soon as it’s up. Every lot bought at the highs is lifting the float for later—only one bearish candle away from a pullback.