$1000PEPE is lively again at this hour.
In just 15 minutes, it surged 2.68%, with trading volume rocketing to 13 times the usual level. The Z-score is 7.65—not some small, quiet move. More importantly, OI is rising: contract open interest is climbing in sync, which indicates this isn’t short covering—it’s real money, with people adding leverage to go long. On the 1-hour timeframe, it’s the same story too: OI is up 2.58%, and the nominal change has jumped into the top tier of the whole pool. The abnormal percentile shot straight to 100%, right at the top.
I glanced at the order book—the side with active buying is dominant. The buy/sell ratio is 1.18, and the direction is very clear. Liquidation agents on the 254K side—yet the liquidation is still predominantly on the buy direction. That’s interesting: when price pushes up, it also wipes out a chunk of shorts; the “fuel” is essentially being added by the longs themselves.
Don’t rush to chase yet. The market is currently charging toward historical extreme zones. The continuous abnormal continuation signals are indeed strong, but once sentiment hits the brakes at this spot, the pullback could be enough to keep you busy for a while. Let’s see how it plays out.
In just 15 minutes, it surged 2.68%, with trading volume rocketing to 13 times the usual level. The Z-score is 7.65—not some small, quiet move. More importantly, OI is rising: contract open interest is climbing in sync, which indicates this isn’t short covering—it’s real money, with people adding leverage to go long. On the 1-hour timeframe, it’s the same story too: OI is up 2.58%, and the nominal change has jumped into the top tier of the whole pool. The abnormal percentile shot straight to 100%, right at the top.
I glanced at the order book—the side with active buying is dominant. The buy/sell ratio is 1.18, and the direction is very clear. Liquidation agents on the 254K side—yet the liquidation is still predominantly on the buy direction. That’s interesting: when price pushes up, it also wipes out a chunk of shorts; the “fuel” is essentially being added by the longs themselves.
Don’t rush to chase yet. The market is currently charging toward historical extreme zones. The continuous abnormal continuation signals are indeed strong, but once sentiment hits the brakes at this spot, the pullback could be enough to keep you busy for a while. Let’s see how it plays out.
