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More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
Arjun Sethi: Asking Monero buyers about the purpose of holding the coin is the wrong approach.
Coin World news: Kraken co-CEO Arjun Sethi said that Kraken's practice of asking Monero buyers about the purpose of holding the coin was wrong and has been withdrawn, and XMR will continue to be listed and traded on Kraken. Kraken does not accept XMR deposits, and users in the European Economic Area, the United Kingdom, Canada, and Australia are restricted. On Saturday morning, XMR was quoted at about $581, down about 5% in 24 hours. On-chain investigator ZachXBT identified FreedomXMR as a money-laundering channel and traced about $20 million flowing out of exploited wallets through privacy coins.
HTX adds Russia to restricted list, Bitget and MEXC exit
HTX has announced that it is adding Russia to its list of restricted jurisdictions, allowing it to restrict services and close affected accounts. The move follows similar decisions by Bitget and MEXC, as UK and EU sanctions and reports that Binance has suspended trading matching and network connections with HTX have put pressure on HTX's international operations. Under the updated user agreement, HTX's restrictions apply to individuals residing in Russia or accessing the platform from Russia, as well as companies registered or primarily operating in Russia. HTX has not yet disclosed when the restrictions will take effect or whether it has begun suspending Russian accounts. Meanwhile, Russia has now joined other restricted jurisdictions, including the United States, the United Kingdom, the European Union, Singapore, Iran, and Syria.
US ETF options volume was 2,596,738 contracts.
CoinWorld US stock data: US ETF options volume was 2,596,738 contracts, of which 1,227,375 were calls and 1,369,363 were puts.
BTC single-day inflow reached 32,380 coins, the largest single-day inflow since April.
BiJie Network data: According to Cointelegraph, 32,380 bitcoins (BTC) flowed in recently, worth about $2.6 billion, marking the largest single-day inflow since April. The last time a similar surge in inflows occurred, bitcoin peaked a few weeks later.
The Israeli military has launched a military operation in the West Bank.
Palestine News Agency reported that the Israeli military has been conducting military operations in multiple locations in the West Bank, including Hebron and Jenin, since the 23rd. The Israeli military stated that this was a countermeasure in response to an attack on Israeli soldiers in Hebron that morning. The report said that on the night of the 23rd, the Israeli military demolished a large number of Palestinian buildings in western Hebron, including commercial buildings and industrial facilities, and demanded that multiple Palestinian families leave their homes. The report also said that on the night of the 23rd, the Israeli military also raided Palestinian residential areas near Jenin and verbally notified multiple Palestinian families to move out of their homes within a week.
BlackRock's IBIT leads Bitcoin ETF net outflows reaching $110 million
CoinWorld data: OnchainLens reports that on October 23, Bitcoin ETFs recorded a net outflow of $137.9 million, of which BlackRock's IBIT contributed $110.3 million. As of now, the cumulative net outflow for the month has reached $313.5 million, and on-chain custody outflows over the past 24 hours totaled 6,998 bitcoins (approximately $571.6 million). Currently, only 3 ETFs have reported outflows, and the final outflow may be significantly higher.
The put/call ratio for single-stock options is reported at 0.67.
CoinWorld US stock data: The put/call ratio for single-stock options is 0.67, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours earlier, it decreased by 0.02; compared with the same-caliber snapshot 7 days earlier, it increased by 0.02.
BTC liquidations totaled 65.8564 million USD over the past 24 hours.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours was approximately 65.8564 million USD, with 3,403 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours earlier, this is down 29.37%; compared with the same-caliber snapshot 7 days earlier, it is down 12.91%.
GMO Coin issues a security reminder; users need to check their transaction records.
Coinpost reports that Japanese crypto exchange GMO Coin has issued a warning stating that multiple forex brokers have experienced unauthorized trading suspected to be related to automated trading tools, while no unauthorized activity has been found in GMO Coin accounts so far. The reports involve trading tools running on servers under GMO Internet's "お名前.com desktop cloud." GMO Internet previously confirmed that some servers were implanted with malicious programs by third parties, with a total of 26,739 servers potentially affected, and information within those servers may have been viewed. GMO Coin advises users to check their trading records, positions, and balances, enable passkeys and login notifications, and delete idle or unknown API keys.