#美联储降息预期升温# Recently, I have observed a very rare trading phenomenon with Pepe coin. In just one hour, the long positions faced liquidations amounting to $397,100, while the short positions only faced liquidations of $11.83. This extremely unbalanced liquidation ratio has attracted widespread attention in the market, warranting a deeper analysis of the underlying market logic.

From a technical perspective, Pepe's current price hovers around $0.0000112, just below the support level of the recent fluctuation range. Although it has dropped 3.84% in the short term, the $0.0000111 area shows significant support strength. It is worth noting that the trading volume has surged to $1.648 billion, indicating a significant increase in market activity. This pattern of "increased trading volume but prices not breaking previous lows" typically suggests that there may be large funds quietly positioning themselves at lower levels rather than simple selling activity.

From a macroeconomic perspective, despite Bitcoin's recent lackluster performance and the downward pressure on most altcoins, Pepe, as a major representative of the meme coin sector, has exhibited an unusual phenomenon of increasing positions. This is likely related to market expectations regarding the Federal Reserve's potential interest rate cuts, as investors begin to shift funds towards high-risk assets. Meme coins, as highly sentiment-sensitive varieties, typically react first in such market environments. Additionally, Pepe's fixed supply model of 420.69 trillion also provides it with long-term deflationary protection.

For investors, the current position may consider a small position for tentative entry, but strict risk control must be set: if it falls below $0.000011, a decisive stop-loss should be executed; if it stabilizes at $0.0000115, then consider increasing the position; the short-term target can focus on the previous high area of $0.000012. A special reminder, the volatility of meme coins is extremely high, and only funds that can withstand total loss should be used to participate; leveraged trading or full position investment is absolutely not allowed.

Currently, the market has mixed views on the recent liquidation trend of Pepe. Some believe it is large funds washing the market and shaking out positions, while others are concerned that this marks the beginning of a downward trend. Regardless, in this highly volatile cryptocurrency market, risk management is always more important than pursuing short-term gains.