- 1061 long liquidation levels vs 398 shorts signal leveraged bulls highly vulnerable to further downside.
- PEPE drops 15% in 5 days (0.000065→0.000055) with negative HYBLOCK delta confirming seller dominance.
- Dense overhead liquidation clusters risk cascading events; $0.000050 support offers potential rebound zone.
The volatile world of meme coins, PEPE continues to capture attention with its community-driven momentum, but recent data from Hyblock Capital paints a cautious picture. A liquidation map shared by crypto analyst @_Crypto_glass on X highlights significant imbalances in leveraged positions on Binance’s USD-M perpetual futures for PEPE.
The chart reveals long liquidation levels towering at 1061, dwarfing the 398 short levels (with an adjustment factor of 232). This asymmetry suggests that bullish traders holding leveraged longs are particularly vulnerable. If the price dips further, these positions could be wiped out en masse, potentially exacerbating downward spirals through forced selling.
Selling Pressure Confirmed
Visually, the price action over the last five days—from January 14 to 18—shows a steady decline. Starting near 0.000065 USD, PEPE has trended lower to approximately 0.000055 USD, navigating through colorful bands representing liquidation density. Red and orange zones indicate high-concentration areas where liquidations are clustered, primarily above the current price. These “heat maps” use granularity of 0.0000001 to pinpoint precise thresholds, helping traders anticipate where stop-losses or margin calls might cluster.
Below the main chart, the HYBLOCK delta bar underscores selling dominance. Early positive delta on January 14 quickly flipped to persistent red bars, reflecting net selling volume exceeding +1.00K to -1.00K. This shift aligns with broader market sentiments, where meme coins like PEPE often amplify Bitcoin’s movements but suffer from retail over-leverage during corrections.
Critical Support Levels
For PEPE enthusiasts, this data is a wake-up call. The token, inspired by the iconic frog meme, has thrived on viral hype and decentralized community support since its launch. However, in a maturing Web3 ecosystem, tools like Hyblock’s maps empower traders to navigate risks better. Analysts recommend monitoring key support at 0.000050 USD, where thinner liquidation lines might offer a rebound opportunity if sentiment shifts.
Traders in premium communities, such as the one promoted by @_Crypto_glass, gain daily updates on these maps, which could be invaluable for spotting entry points. As PEPE hovers near critical lows, the question remains: Will buyers step in to defend, or will shorts hunt the remaining longs? With overall crypto market cap stabilizing post-halving, PEPE’s fate may hinge on upcoming catalysts like ecosystem expansions or influencer endorsements.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
