Pepe's Volume and Open Interest Decline Indicates Lack of Liquidity

佩佩的成交量和持倉量下降表明流動性不足

Data reveals a decline in the volume of contracts linked to Pepe (PEPE) in the market, with a 5.10% ($764.63 million) drop over the last 24 hours. This decrease is accompanied by a drop in Open Interest (OI) to $158.02 million. OI represents the value of contracts opened in the market, and a decline indicates that traders are closing their positions and withdrawing liquidity.

數據顯示，市場上與 Pepe (PEPE) 相關的合約數量有所下降，過去 24 小時內下降了 5.10%（7.6463 億美元）。這一下降伴隨著未平倉合約 (OI) 下降至 1.5802 億美元。 OI代表市場上已開倉合約的價值，下跌表示交易者正在平倉並撤回流動性。

Selling Pressure Suggests Downward Trend

拋售壓力表示下降趨勢

The OI decline suggests that sellers are becoming more aggressive, indicating a possible price decrease. When OI decreases, it means that market participants are reducing their net positions, potentially leading to a decline in demand for the token.

OI 下降表明賣家變得更加激進，表明價格可能下降。當 OI 下降時，意味著市場參與者正在減少淨頭寸，可能導致代幣需求下降。

Price Decline Contributes to Lower Interest

價格下跌導致利息下降

The decline in PEPE's price to $0.000014, representing an 8.78% decrease in the last seven days, has likely contributed to the reduced interest in the token. Should the price continue to decrease, interest and trading activity may decline further.

PEPE 的價格下跌至 0.000014 美元，在過去 7 天內下跌了 8.78%，這可能導致了對該代幣的興趣下降。如果價格繼續下跌，興趣和交易活動可能會進一步下降。

Holding Activity Suggests Possible Recovery

持有活動表示可能出現復甦

Despite the recent price decline, data shows that the exchange inflow of PEPE (tokens sent into exchanges for possible sell-off) was significantly lower (5.28 billion) than the exchange outflow (14.71 billion). This suggests that more participants are holding onto the token rather than selling it. If the outflow continues to outpace the inflow, it could lead to a potential price rebound.

儘管近期價格下跌，但數據顯示，PEPE（進入交易所進行可能拋售的代幣）的交易所流入量（52.8 億）明顯低於交易所流出量（147.1 億）。這表明更多的參與者持有代幣而不是出售它。如果流出持續超過流入，可能會導致價格潛在反彈。

Bullish Potential Despite Negative Sentiment

儘管情緒消極，但仍有看漲潛力

Traders remain unconvinced about a possible Pepe recovery, as evidenced by the Long/Short ratio, which is below 1. However, historical data suggests that when negative sentiment is extreme, it can often precede a price increase. Therefore, a notable upswing could still be possible for Pepe.

交易員仍然對佩佩可能復甦持懷疑態度，多頭/空頭比率低於 1 就證明了這一點。因此，佩佩仍有可能出現顯著的上升。