PUMP was hovering around 0.00526 yesterday, and now it’s at 0.00452—down 13.5% in a day. What’s strange isn’t this bearish candle itself; it’s who’s picking up after the sell-off: spot market net inflows over the past 3 hours have stayed positive for 12 consecutive candles. The money is still coming in all the way as the same bearish candle drops. In the last 15 minutes, large orders net outflow totaled 3.95 million—that’s the profit-taking crowd getting washed out. When the move shifts back to the hourly timeframe, overall funds show net inflow again—the buyers picking up and the sellers offloading clearly aren’t the same people.
On the contract side, they even showed the cards: open interest was cut by 14.55% in a single day. The quadrant is basically already labeled as bear capitulation—everything being cut is leveraged long positions. In this 7-day 65% move, the floating profit has been liquidated; it’s not fresh shorts driving the drop. Whales still have 61% of their positions net long, but across the whole market, net long accounts are only 49.8%—smart money is holding the line while retail is running.
The fundamentals haven’t collapsed either: the buyback amount is estimated to be up 11.78% day-over-day versus the day before yesterday, and it’s still rising.
So at this level I’m going long. Enter directly above 0.004459 (1d low) at 0.00452. My first target is back to 0.00526. There’s only one signal that would make me reverse my view: a bearish break of 0.004459 on increased volume, and spot market net inflows over the next 3 hours turning from positive to negative—only then would this move be truly over and the bulls’ logic would be invalidated. #pump $PUMP
On the contract side, they even showed the cards: open interest was cut by 14.55% in a single day. The quadrant is basically already labeled as bear capitulation—everything being cut is leveraged long positions. In this 7-day 65% move, the floating profit has been liquidated; it’s not fresh shorts driving the drop. Whales still have 61% of their positions net long, but across the whole market, net long accounts are only 49.8%—smart money is holding the line while retail is running.
The fundamentals haven’t collapsed either: the buyback amount is estimated to be up 11.78% day-over-day versus the day before yesterday, and it’s still rising.
So at this level I’m going long. Enter directly above 0.004459 (1d low) at 0.00452. My first target is back to 0.00526. There’s only one signal that would make me reverse my view: a bearish break of 0.004459 on increased volume, and spot market net inflows over the next 3 hours turning from positive to negative—only then would this move be truly over and the bulls’ logic would be invalidated. #pump $PUMP
