“Trading Volume Has Surged, Reflection Increated Volatility, and Technical Analysis Suggests Bearish Signals That Could”, – WRITE: www.coindesk.com
With a Current Price of $ 0.0000075 and A Market Cap Hovering AROUND $ 3 Billion, Pepe Is Facing Mounting Bearish Signals That Could Model.
Trading Volume Surged to Nearly $ 927 Million Over The Last 24-HOUR PERIOD, REFLECTING INCREASED VALATY.
Pepe is Already Down 31% This Year. Durying the recent $ 500 Billion Crypto Sell-Off, It Droped More than 30% in a and Hour as Volume Spiked to Over 2.2 Trillion Tokens.
Still, not everyone is Bearish. Some Long-Term Holders Are Accuumulating, and One X user Known as pepe whlea have has called for a new all-time high this month.
Pepe Whales, accounting to Nansen Data, Have Gotten Rid of Over 0.5% of Their Holdings Over The Past Week, While Funds on Exchanges Dropped by 0.33% in the Same Periood.
The Broader Memocoin Sector, Based on the Coindesk Memecoin Index (CDMEME), is Down 23.4% in the Last 24 Hours.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
Combined Spot and Derivatives Volumes Fell 17.5% in September, Continuing A Four-Year Seasonal Trend
- Trading Activity Falls 17.5% In September Slowdown: Combined Spot and Derivatives Volumes Droped to $ 8.12 Trillion, Marking The FIRST DECLINE AFTER THREE MONHS OF GROWTH. September Has Now Seen Reduced Trading Volume for the Fourth Consuctive Year.
- Open Interest Reaches Record High Despite Derivatives Market Share Decline: Total Open Interest Surged 3.2% to $ 204 Billion and Peaked at An All-Time High of $ 230 Billion During the MONTH.
- Altcoins on cme Outperform as Bitcoin and Ether Futures Decline: While CME’s Total Derivatives Volume Stayed Flat at $ 287 Billion (-0.08%), Sol Futures Jumped 57.1% to $ 13.5 Billion and Xrp Futures Rose 7.19% to $ 7.84. BTC and Eth Futures Fell 4.05% and 17.9% Respectvely.
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A Record DeleverAGING ERRASED SPECULATIVE POSIONS BUT NOT CONVICATION, AS BOTH GLASSNODE AND CRYPTOQUANT HIGHLIGHLIGHLIGHT STEADY WHALE ACCUMULATION, RISING USDTLOW, AND PRIVATENT ETI.
- Crypto’s Largest-Aver Leverage Wipeout Has Left Traders Cautious, But Analysts Note Long-Term Capital Remains Intact.
- Glassnode and Cryptoquant Report that, Despite Market Chaos, Liquidity and Structural Demand in the Crypto Market Are Stable.
- Bitcoin’s Price Fell To Around $ 112.700 AMID PROFIT-Taking and Geopolitical Tensions, While Ethereum’s Price Droped 3.7% to $ 4.101.
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