PEPE Price Surprises with Massive Short Liquidations

PEPE 价格令人惊讶，大量空头清算

Despite the initial recovery phase, PEPE price experienced a bearish outcome, resulting in significant losses for investors. However, this setback may not deter major wallet holders from continuing their buy-in spree.

尽管处于最初的复苏阶段，PEPE 价格仍经历了看跌结果，给投资者带来了重大损失。然而，这一挫折可能不会阻止主要钱包持有者继续疯狂买入。

PEPE Price Action: A Mixed Bag

PEPE 价格走势：好坏参半

In the past 24 hours, PEPE price witnessed a modest 9% increase, surprising market observers. This uptick, instead of triggering a true recovery, led to substantial short liquidations. According to Coinglass data, the meme coin liquidated $17 million worth of shorts in a single day, marking the largest liquidation in its history. This suggests that bears anticipated further PEPE price declines over the weekend.

在过去24小时内，PEPE价格小幅上涨9%，令市场观察人士感到惊讶。这种上涨并没有引发真正的复苏，而是导致了大量的空头清算。根据 Coinglass 的数据，Meme 币单日清算了价值 1700 万美元的空头，创下了其历史上最大的清算规模。这表明空头预计 PEPE 价格将在周末进一步下跌。

Whales Make Waves

鲸鱼掀起波澜

While the short liquidations were devastating for bears, they proved bullish for other investors, particularly whales holding the most significant PEPE amounts in non-exchange addresses. Over the past three weeks, these large investors have accumulated over 1.5 trillion PEPE, valued at more than $13 million. This indicates that rather than succumbing to the bearish sentiment, whales viewed the dip as an opportunity to buy. As the price recovers, this accumulation could prove profitable.

虽然空头清算对空头来说是毁灭性的，但事实证明，它们对其他投资者来说是看涨的，尤其是在非交易所地址中持有最重要 PEPE 金额的鲸鱼。过去三周，这些大型投资者累计了超过1.5万亿PEPE，价值超过1300万美元。这表明鲸鱼并没有屈服于看跌情绪，而是将下跌视为买入机会。随着价格回升，这种积累可能会有利可图。

PEPE Price Outlook: Recapturing Uptrend

PEPE 价格展望：重拾上升趋势

Previously, PEPE price had enjoyed an unbroken uptrend since mid-April. However, recent events have led to a drop from $0.00001146 to $0.00000889 at the time of writing. This slide below $0.00001000 marked a bearish turn, leading to expectations of further declines.

此前，PEPE价格自4月中旬以来一直呈持续上涨趋势。然而，在撰写本文时，最近发生的事件导致价格从 0.00001146 美元跌至 0.00000889 美元。跌破 0.00001000 美元标志着看跌转向，导致进一步下跌的预期。

The recent green candlestick offers hope for potential recovery. If PEPE price can re-establish $0.00001000 as support, it may rebound to $0.00001146 and recoup recent losses. However, a failure to do so could result in a pullback to $0.0000775 or lower, potentially invalidating the bullish hypothesis.

最近的绿色烛台为潜在复苏带来了希望。如果PEPE价格能够重新建立0.00001000美元的支撑位，则可能会反弹至0.00001146美元并收复近期的损失。然而，如果不这样做，可能会导致价格回落至 0.0000775 美元或更低，从而可能使看涨假设失效。