$PIPPIN Update — Let The Data Talk 📊
Price now around 0.785
Structure changed. Momentum cooled.
Let’s break it down.
⸻
📉 Price Action (5m)
• Rejected from 0.83
• Lower highs forming
• Trading below MA25 & MA99
• Short-term trend = bearish compression
0.80 was key.
It failed.
Now 0.77–0.78 is the decision zone.
⸻
📊 Open Interest
OI rising steadily while price drifting lower.
That’s important.
Rising OI + falling price
= new shorts entering.
Not liquidation.
New positioning.
If price reclaims 0.80 → squeeze fuel.
If 0.77 breaks → continuation lower likely.
⸻
👥 Long / Short Data
Retail still heavily short (accounts).
Position ratio climbing slightly.
Market structure says:
Crowd still betting downside.
But no panic yet.
Fuel exists — but trigger missing.
⸻
💰 Funding
Funding positive ~0.04–0.05%.
Not extreme.
Not overheated.
That means:
No aggressive long euphoria.
But also no heavy short pressure anymore.
Neutral-to-slight-long bias.
⸻
🔥 Taker Volume
Sell aggression increasing slightly.
Buy pressure weaker than previous session.
No strong bid wall visible.
Momentum currently favors sellers.
⸻
🎯 Key Levels
0.80 → reclaim = short squeeze setup
0.77 → support
Below 0.77 → opens 0.74–0.75
Above 0.83 → structure resets bullish
Right now?
Compression phase.
⸻
📌 Conclusion
PIPPIN is no longer “surviving BTC”
It’s now reacting to structure.
• Rising OI
• Price drifting down
• Funding neutral
• Retail short heavy
This is a setup phase.
Breakdown → acceleration.
Reclaim → squeeze.
Let the data talk.
Not emotions.
