Hello cool Binancians! How's your trading today? Hope you always profit! Now, we will thoroughly analyze the "Trading Data" of the very popular PEPE coin. Curious why PEPE is in the spotlight? Let's take a peek together!
Here are the Important Points You Must Know:
Money Accumulating in PEPE? Wait, There's Unique Movement!
From the total inflow of funds, PEPE's inflow in the last 24 hours reached a fantastic number: 619.58B PEPE. This shows that a lot of funds are currently coming into the PEPE coin.
But, don't be surprised! There's also outflow or funds that are leaving. If we look at the "24hr Large Inflow (PEPE)" chart, there's a spike around 04:00 to 08:00 WIB, then it dropped, and rose again close to 16:00 WIB. This indicates that PEPE is quite volatile with a lot of movement in and out.
Interestingly, in the last 5 days, large inflow of PEPE was actually minus -72.93B. This means that although the inflow in the last 24 hours was large, in the medium term, a large amount of funds is also leaving PEPE. Hmm, makes you think, right?
Who's Most Active in Buying PEPE?
Take a look at the "Orders" table. Purchasing (Buy) PEPE is dominated by Medium (5.1T) and Large (7.58T) orders. This means that "whales" and "dolphins" (large and medium investors) are collecting PEPE.
But, don't be mistaken! Selling (Sell) PEPE is also quite significant. Medium (5.36T) and Large (6.88T) orders also dominate sales. So, even though many are buying, many are also selling. The PEPE market is very lively!
Margin Debt? PEPE Is Being Borrowed More!
Pay attention to the "Margin Debt Growth" chart. We can see that the growth of PEPE's margin debt is very fluctuating, but tends to rise at several points. This means that many traders are currently borrowing funds for trading PEPE.
The peak of PEPE's margin debt growth reached around 1.00% and 2.00% at several points in the last 24 hours. This could be a sign that traders are being very aggressive with PEPE.
Long-Short Ratio: Who's More Daring?
In the "Margin Long-short Positions Ratio" chart, we can see the comparison between Long positions (believing the price will rise) and Short positions (believing the price will fall). This ratio tends to rise and stabilize above 50.00, even touching the numbers 100.00 and even 120.00.
This indicates that the majority of traders are currently very optimistic about the price increase of PEPE. They are opening more Long positions than Short.
Isolated PEPE Borrowing? It's Very Busy!
Lastly, there is the "Isolated Margin Borrow Amount Ratio". This ratio shows how much PEPE is borrowed in isolation (specifically for trading PEPE only).
This chart shows that the ratio of isolated PEPE borrowing has surged high, even reaching numbers 3.00 to 4.00 at certain times. This reaffirms that PEPE is currently the center of attention for traders who are willing to take risks.
Conclusion:
From the data above, we can conclude that PEPE is currently a super active coin in the market. The inflow and outflow of funds are very high, large and medium investors are also involved, and traders are being very aggressive by borrowing funds for trading PEPE, with the majority optimistic that its price will rise.
Advice:
PEPE is indeed very interesting right now, but remember, its volatility is also high! If you're interested in joining the trading, make sure you have done thorough research and have a clear strategy. Don't just follow the FOMO (Fear Of Missing Out)!
Always DYOR (Do Your Own Research)!
What do you all think about PEPE? Has anyone made profits from PEPE? Let's share in the comments below! Don't forget to follow me so you don't miss updates about crypto! And for those of you who like challenges, try trading other meme coins that are currently trending!