Bitcoin dropped 3%, while $PEPE surged 10% against the trend. That’s no coincidence.
Look at the data: PEPE perpetual funding rates plunged to -0.21%, and the contract price is still below the spot index, suggesting a lot of people are shorting it. But the long/short account ratio is 2.35, meaning retail traders are stubbornly holding onto their longs. Shorts are paying to stay in, yet the price is rising—that’s classic short-squeeze fuel. Trading volume over the past two hours has grown to 2–4 times its usual level, and the 0.0000050 area has already turned into support.
My take: bullish on PEPE in the short term. As long as it doesn’t fall back below 0.0000050, the previous high around 0.0000057 is the next target. But don’t forget it’s tied to $BTC . If Bitcoin really drops to sweep 76500, meme coins will be the first to get crushed.
Do you think this is the start of a meme rotation, or Bitcoin’s last gasp before a drop?
#PEPE #Meme币 #轧空 #BTC
Look at the data: PEPE perpetual funding rates plunged to -0.21%, and the contract price is still below the spot index, suggesting a lot of people are shorting it. But the long/short account ratio is 2.35, meaning retail traders are stubbornly holding onto their longs. Shorts are paying to stay in, yet the price is rising—that’s classic short-squeeze fuel. Trading volume over the past two hours has grown to 2–4 times its usual level, and the 0.0000050 area has already turned into support.
My take: bullish on PEPE in the short term. As long as it doesn’t fall back below 0.0000050, the previous high around 0.0000057 is the next target. But don’t forget it’s tied to $BTC . If Bitcoin really drops to sweep 76500, meme coins will be the first to get crushed.
Do you think this is the start of a meme rotation, or Bitcoin’s last gasp before a drop?
#PEPE #Meme币 #轧空 #BTC