$1000$PEPE has just seen a significant long liquidation of $69.7K at $0.0202, signaling a sharp pullback and a shift in market dynamics.
This liquidation highlights the pressure on long positions as $1000PEPE faces downward momentum, with forced closures adding to the decline.
As $1000$PEPE navigates through this correction, further volatility could follow, potentially triggering more long liquidations and intensifying the downside pressure.
$1000PEPE is under strain in the short term, and traders should monitor closely for signs of a potential reversal or continued weakness.
Keep an eye on $1000$PEPE as it reacts to this liquidation event.