PEPE Price Prediction: Whale Liquidates 2.2 Trillion, Technicals Show Bullish Flag with Over 100% Upside Potential
The market dynamics of the meme token PEPE present a complex situation: on-chain data shows a lack of confidence among large investors, while technical charts reveal potential bullish signals, leaving traders at a crossroads.
Whale liquidation, market under pressure
On-chain data reveals that a PEPE whale (wallet address 0x6ea4…FE0) has emptied its entire position of 2.2 trillion PEPE over the past month, expected to incur a loss of $3.5 million.
This whale withdrew these tokens from Binance in mid-May with a total value of $27.64 million, but due to price declines, ultimately re-deposited in three batches: June 8, June 13, and June 18, with the last batch of 600 billion PEPE (worth $6.04 million) completed on June 18.
According to the data, the turnover rate has slightly increased, but the increase is not significant. The turnover factors are still largely related to geopolitical conflicts. However, Powell has stated that the impact of conflicts on inflation is temporary. It remains to be seen whether this will alleviate investors' concerns about rising oil prices. The participating turnover of $BTC is still mainly short-term investors.
From the supporting data, the best support remains between $93,000 and $98,000. Even though there have been significant price fluctuations recently, investors in this range have shown no signs of panic selling; instead, they are very stable. Investors in the $100,500 to $105,000 range are continuing to accumulate. Currently, it looks good, but as accumulation continues, the risk factor will increase.
Pulling up requires real money If it drops, it will keep going down as long as no one is there to support it. Everyone must control their hands and reduce the frequency of opening positions. What kills you in the crypto world is not the market, but those myths of getting rich quickly. The size of the margin is not the biggest issue. The biggest issue is still position management, combined with a bit of technology. Staying alive is more important.
Ethereum liquidation heat map shows: When the price rises, there are a large number of large and extra-large short positions waiting to be liquidated in the 2540-2750 area; When the price falls, a large number of large long positions have been liquidated in the 2484-2400 area, but there are still many large and extra-large long positions waiting to be liquidated.
BlackRock is truly insane, buying like crazy, and the total of other ETFs doesn't even match what they buy alone, it's really impressive. Although Bitcoin is still volatile in the short term, long-term Bitcoin is definitely promising.
As the circulating Bitcoin in the market is gradually bought up by institutions, it’s hard to imagine the price of Bitcoin at that time. Perhaps in a few years, Bitcoin will truly be an existence that ordinary people cannot reach.
Bitcoin is gearing up for $110,000! Why isn't the Ethereum ETF driving prices up? The altcoin season is here, but not in the crypto circle! Sun Yuchen is making a big move! SRM skyrocketed 533%, is TRX next?
Last night, it was clearly indicated that BTC needs to pull back to 107,507+, and ETH needs to pull back to 2585+. Short positions should be opened in the 2665-2719 range. Last night, ETH peaked at 2680, and BTC peaked at 108,973. The low long position for ETH at 2542 was accurately hit, but BTC did not trigger. Correct timing leads to profit; incorrect timing leads to continuous losses. Do not act impulsively or blindly!
BTC
The rise in BTC price has led to an increase in turnover rate. In the past two days, profit-taking investors who bought the dip are the main ones exiting, while early investors remain calm, confirming recent data: the majority of investors are insensitive to short-term price fluctuations. The decline in BTC reserves on exchanges indicates that most people are more optimistic about the long-term trend.
Although the market change is a bit slow, it basically meets expectations. The market after the white dashed line in the chart shows that the spot premium has not changed at all, indicating that this wave of upward movement is mainly driven by the futures market behavior, which is a standard liquidity grab;
Although the reason for the decline is the escalation of the Middle East conflict, it has actually been ongoing, and this time the attack in Tehran leading to the decline is mainly due to the failure to reach an agreement...
Currently, there is a key support level in the technical aspect. The key to maintaining a small-scale bullish trend is that the green support level in the chart cannot be broken. If the position at 104400 is confirmed to be broken, then the standard oscillation market will shift into a bearish trend...
What is the relationship between DOGE, SHIB, and that dog? What is the relationship between PEPE and that meme on the 4CHAN forum? What is the relationship between PNUT and that squirrel? What is the relationship between MOODENG and that hippopotamus in the zoo? In the cryptocurrency world, MEME is about popularity, emotion, and consensus, not about paternity testing.
Dogecoin (DOGE) Price Volatility: $0.168 as the Last Line of Defense, Will Breaking $0.20 Ignite a Bull Market?
These past few days, I've been particularly attentive to the movements of Dogecoin (DOGE), and to be honest, it feels a bit dangerous. Key support level for Dogecoin: $0.168 Technical analysis indicates that $0.168 is an important support level for Dogecoin. If the price falls below this level, historical data shows a lack of significant support below, creating a 'gap area', which is a price range where past buying activity was low.
If selling pressure pushes the price below $0.168, the downward momentum may intensify, and the price could quickly slide to the range of $0.13 to $0.12, with almost no significant resistance along the way. If the decline further expands, the price may test $0.093 or even $0.078.
It feels like the drop on Friday is just a technical rebound. The E/B exchange rate is again at the lower line, very dangerous.
I have already started shorting ETH partially and plan to increase my short position on ETH over the next three days: Saturday, Sunday, and Monday. It's time to try to take advantage of the breakdown.
Trial trading, inducing speculation? Bitcoin and Ethereum experience wild fluctuations! Can we still play altcoins? Trump makes $57.35 million with WLFI! Liquidation? How to protect positions?
It's the weekend again, and the market has no trading desire. After the decline, a correction is needed, but the correction time is uncertain, and it happens to be a weekend with low liquidity. The current market is similar to March to August 2024, where both rising and falling are difficult, showing a back-and-forth oscillation pattern. It is recommended to take a proper rest and only hold some mainstream coins in spot. The probability of loss in high multiple contracts is quite high. Weekend liquidity is low, volatility may decrease, and altcoins may rebound due to capital inflow, which is worth paying attention to. BTC Bitcoin's hourly rebound has touched the hourly resistance level, compounded by the daily MA30 line resistance. A short-term hourly pullback is expected, and after the second bottom is observed, the rebound strength will be monitored. The daily double top pattern has appeared, and the price may continue to drop to the daily or even weekly MA30 support.
I used to often mention Pop Mart to everyone, and now it has reached a historic high in the Hong Kong stock market. There are still many opportunities in the Hong Kong stock market, but it's not cost-effective for mainland investors to get involved because of a 20% dividend tax, unless one can find similar stocks like this. Peter Lynch said that investing in stocks is about investing in companies. When you see many people in other people's specialty stores, it indicates that the company is competitive, and the stock is generally not bad.
Today, the gap of $2,605 for $ETH has been filled, and there is currently only one gap left, between $2,911 and $3,237. All other gaps have been completely filled.
Due to news reasons, Iran and Israel have started fighting again, causing the recent gains to almost fall back, with a drop close to ten thousand dollars. Yesterday, there were plans to go long, but the market appeared too weak, so I advised to withdraw the long position first.
Currently, the BTC price is about to fall back to the support range of 100,000-102,000. Next, we will look for opportunities to prepare to go long.
CPI is positive, over 100,000 people are liquidated! Bitcoin's three waves are over = bull market peak? Ethereum is about to be squeezed out! Is it a conspiracy of the banker to absorb funds? Sun Yuchen has scored again! Is there a bull market in the cottage industry?
Recently, Bitcoin has broken through 110,000, and Ethereum has reached 2,800! The core driver of the rise is the Sino-US trade negotiations: the US has relaxed export controls, sending a positive signal, and both sides are willing to conduct in-depth consultations. If the reciprocal tariffs are cancelled in the negotiations tonight, it will be a major positive! However, the performance of altcoins is sluggish. Although there is a slight increase, it is far less than expected. The market trap is obvious. Retail investors chase high prices, and the market makers dump the market; no one follows up, and the market makers slowly absorb the chips. The cheap chips are snatched up, and retail investors can only wait for a long time. BTC Futures shorts added positions for the last time yesterday, and the short liquidity above the high point hit the highest level in the three-month liquidation zone, similar to the market structure in 2024. The funding rate is still positive, suggesting that high-level shorts are mostly 100x leveraged hedging policies, which explains the three non-liquidation phenomena.