Short Sellers Are Betting Against PEPE

May 04, 2023

Investors have taken short positions on PEPE creating a bearish sentiment.

The famous frog meme coin PEPE currently has its funding rate in negative, indicating heavy short positions as compared to long. .

However, the short positions also open up the possibility for a short squeeze, which can trigger a rally.

PEPE recently experienced a significant rally, which may have been fueled in part by a short squeeze.

Traders should monitor funding rates and short interest for potential market moves.

Short squeezes can lead to significant rallies, but they also carry the risk of sharp price drops.

Stay informed on PEPE's funding rates and short interest levels to stay ahead of potential market moves.