PIPPIN/USDT:USDT
🤖AI Insight
bybitabout 2 months agoBearish
78%
PIPPIN shows a bearish divergence on Bybit. The price has declined by 7.38% over 24 hours, yet the funding rate remains significantly positive at 0.0327%. This suggests that long positions are still holding on and paying shorts, creating risk for a long liquidation cascade if support levels break.
Detailed Analysis
What I see:
Price is down 7% while funding is high positive (0.0327%).
What it means:
Longs are trapped and losing capital to both price depreciation and funding costs.
What I expect:
Further downward pressure as tired longs capitulate.
Invalidation condition:
Price recovery above $0.85 with increasing buyer volume.
Exchangebybit
StatusMissed
Timeframe
Expected Move±10%
Detected Price$PIPPIN 0.75485
Timeabout 2 months ago
Outcome-11.81%
Outcome Price$PIPPIN 0.84399
Verifiedabout 2 months ago