I looked across the major coins and altcoins today, and $PEPE 's performance was pretty interesting 🤔

BTC fell more than 2% over the past 24 hours, ZEC and HYPE both dropped over 5%, while PEPE rose about 3%

I've always paid close attention to this kind of countertrend performance. As I've mentioned before, PEPE can serve to some extent as a window into market speculative sentiment

Overall risk appetite is clearly under pressure right now, yet investors are still willing to take risks on PEPE, which shows that speculative demand hasn't completely disappeared

Of course, a one-day countertrend rally isn't enough to confirm a new trend. But if BTC stabilizes and PEPE continues to show relative strength, I'll be more inclined to look for long opportunities

For me, the most important thing to track at this stage is PEPE/BTC's continued performance

After all, if the next rebound really comes, I'd rather find coins that can outperform Bitcoin 🫡