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

佩佩的成交量和持仓量下降表明流动性不足

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.

数据显示，市场上与 Pepe (PEPE) 相关的合约数量有所下降，过去 24 小时内下降了 5.10%（7.6463 亿美元）。这一下降伴随着未平仓合约 (OI) 下降至 1.5802 亿美元。 OI代表市场上已开仓合约的价值，下跌表明交易者正在平仓并撤回流动性。

Selling Pressure Suggests Downward Trend

抛售压力表明下降趋势

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 下降表明卖家变得更加激进，表明价格可能下降。当 OI 下降时，意味着市场参与者正在减少净头寸，可能导致代币需求下降。

Price Decline Contributes to Lower Interest

价格下跌导致利息下降

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 的价格下跌至 0.000014 美元，在过去 7 天内下跌了 8.78%，这可能导致了对该代币的兴趣下降。如果价格继续下跌，兴趣和交易活动可能会进一步下降。

Holding Activity Suggests Possible Recovery

持有活动表明可能出现复苏

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.

尽管近期价格下跌，但数据显示，PEPE（进入交易所进行可能抛售的代币）的交易所流入量（52.8 亿）明显低于交易所流出量（147.1 亿）。这表明更多的参与者持有代币而不是出售它。如果流出继续超过流入，可能会导致价格潜在反弹。

Bullish Potential Despite Negative Sentiment

尽管情绪消极，但仍有看涨潜力

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.

交易员仍然对佩佩可能复苏持怀疑态度，多头/空头比率低于 1 就证明了这一点。然而，历史数据表明，当负面情绪极端时，往往会先于价格上涨。因此，佩佩仍有可能出现显着的上升。