- Whale deposit and Netflow spike hinted at early-stage distribution and shifting large-holder sentiment.
- Long liquidations and $0.00001114 pressure zone suggested looming volatility and downside risk.
A major whale has just deposited 1 trillion Pepe [PEPE], worth $11.65 million, into Binance after 21 days of holding.
This whale had initially withdrawn 2.209 trillion PEPE, valued at $27.68 million, and still holds 1.2 trillion tokens worth about $14 million.
The move locked in a realized loss of $1.95 million. Such behavior often precedes trend reversals or marks exit phases. Therefore, this high-profile dump may be more than profit-taking.
It could be a signal that large holders are preparing to offload positions, especially if the price shows further weakness around current levels.
Are large holders quietly shifting their strategy?
IntoTheBlock’s netflow data shows a dramatic +1144.65% spike over the last seven days. However, the 30-day metric remains deeply negative at -1968.60%.
This suggests the recent inflow is likely a temporary deviation in a broader trend of exits.
Combined with the whale deposit, it appears whales may be moving tokens to exchanges to distribute, not accumulate. Short-term inflows can be deceptive, especially if they precede selling.
Therefore, this metric shift, while bullish on the surface, may be a red flag when examined in its full context.
Source: IntoTheBlock
Can the Pennant flag hold the line, or will support collapse?
PEPE is consolidating within a Pennant flag while hovering above strong confluence support around $0.00000970.
At the time of writing, the token traded at $0.00001147, and the triangle structure was nearing its apex. A breakout above $0.00001236 could trigger momentum-driven gains.
However, a breakdown below support would invalidate the pattern and likely attract heavy selling. The price compression suggests a powerful move is imminent.
Therefore, this pennant formation is critical—whether it results in a breakout or breakdown will shape PEPE’s short-term trajectory and sentiment across the board.
Source: TradingView
At press time, PEPE’s OI-Weighted Funding Rate stood at +0.0070%, signaling a mild long bias in the market. However, the rate has remained relatively flat, lacking momentum.
This reflects trader hesitation—there’s no strong conviction from either bulls or bears.
Why are bulls bleeding while bears stay safe?
At the time of writing, PEPE recorded $137.1K in long liquidations compared to just $4.03K in shorts. Bulls are clearly overleveraged, placing aggressive bets on a breakout. However, price action remains sideways, causing leveraged longs to suffer repeatedly.
The imbalance between long and short liquidations shows bulls are being punished for premature optimism. If key resistance levels continue to hold, more long liquidations may follow.
Therefore, until bulls regain control with strong volume, upward price movements will likely be short-lived, and opportunistic bears may continue profiting from the volatility.
Source: CoinGlass
Will $0.00001114 become the market’s tipping point?
According to Coinglass’s liquidation map, $0.00001114 is a high-risk leverage cluster. The area is stacked with 25x and 50x long positions.
PEPE is currently flirting with this zone, making it a critical battleground. If bulls push price above this level, cascading short liquidations could trigger a sharp rally.
Conversely, rejection here would flush weak longs and reinforce bearish pressure. This level is not just resistance—it’s a liquidation trap for both sides.
Therefore, how price reacts around $0.00001114 could define the next major leg in either direction.
Source: Coinglass
Is this whale’s move a warning sign for PEPE?
The whale’s $11.65 million deposit, paired with heavy long liquidations and mixed netflows, tilts the market bearish.
PEPE still clings to key support, but indicators suggest bulls are on shaky ground. If price breaks below $0.00000966, downside momentum could accelerate quickly.
Therefore, yes—this whale activity may very well be the early signal of another leg down, unless bulls defend with conviction and volume soon.
