Positive developments include the ongoing consideration of a 24/7 transition for U.S. capital markets and expanding institutional investment in crypto-related companies. However, outflows from Ethereum (ETH) ETFs and Bitcoin's subsequent pullback after the U.S. jobs report are intensifying downward pressure on risk assets, including PEPE. The overall market sentiment is neutral to slightly bearish.

・Exploration of a 24/7 Capital Markets Transition in the US, Considering New Regulations for Crypto Derivatives The SEC and CFTC have issued a joint statement, signaling considerations for transitioning capital markets to 24/7 trading and clarifying regulations surrounding cryptocurrency derivatives. This move could foster greater global integration within the crypto market, potentially enhancing trading convenience and efficiency. Specifically, the development of regulatory frameworks for derivatives like event contracts and perpetual futures is expected to encourage institutional investor participation and increase market transparency, indirectly benefiting a broad range of cryptocurrencies, including meme coins such as PEPE. ・Ethereum ETFs See Outflows for Four Consecutive Weeks, $787 Million Net Outflow in Last Four Days US-based spot Ethereum ETFs have experienced net outflows for four consecutive weeks, recording a total outflow of $787 million over the past four days. This contrasts sharply with the substantial $3.87 billion inflow into spot Ethereum ETFs recorded in August. These outflows could exert downward pressure on the price of Ethereum itself and potentially influence capital allocation towards altcoins like PEPE. Furthermore, there is a risk of a broader negative impact on overall market sentiment. ・Bitcoin Price Surges Past $113,000, then Falters on Weak US Jobs Data Following the release of US employment statistics that fell short of expectations on Friday, Bitcoin retracted from its peak above $113,000, falling below $111,000. This volatility underscores the significant impact macroeconomic indicators have on market sentiment. Bitcoin's price movements are closely linked to overall market risk sentiment, thereby affecting investment appetite for risk assets like PEPE. While weaker jobs data might increase expectations for Federal Reserve rate cuts, it served in the short term to amplify market uncertainty. ・ARK Invest Purchases Shares of Bitmain and Bullish for Approximately $23 Million ARK Invest, led by Cathie Wood, has acquired shares in Bitmain Immersion Technologies and the cryptocurrency exchange Bullish for approximately $23 million. This indicates persistent institutional interest in investing in cryptocurrency-related companies. Such proactive engagement by institutional investors supports the growth of the overall crypto ecosystem and could indirectly bolster confidence in tokens like PEPE. ・Tether Discussing Investments in Gold Supply Chain Reports indicate that Tether, the issuer of the leading stablecoin, is in discussions regarding capital deployment within the gold supply chain. Tether already holds $8.7 billion in physical gold reserves. This represents a move by Tether to diversify its portfolio's risk profile, further enhancing the stability and trustworthiness of stablecoins within the cryptocurrency market. Increased trust in stablecoins can indirectly contribute to capital inflows into altcoins like PEPE. ・Trump-Related WLFI Token Plummets 40%, Causing Multi-Million Dollar Losses for Whales The token price of WLFI, a cryptocurrency project associated with Donald Trump, has fallen by over 40%, resulting in multi-million dollar losses for "whales" (large holders). This event highlights how project credibility and the reputation of associated figures significantly influence prices in the crypto market. Meme coins like PEPE often correlate with public figures or specific trends; therefore, news like this risks undermining overall market confidence and can negatively impact investment sentiment towards PEPE. ・Brazil's Major Asset Manager Itaú Asset Establishes Dedicated Crypto Division Itaú Asset Management, Brazil's largest private asset manager, has established a new cryptocurrency division and appointed a former Hashdex executive to lead it. This move symbolizes the steadily expanding involvement of traditional financial institutions in the digital asset space. Such developments could accelerate institutional adoption across the broader cryptocurrency market, potentially strengthening the long-term investment base for altcoins like PEPE. Overall Summary The US consideration of a transition to 24/7 capital markets and the increasing institutional investment in crypto-related companies contribute to market maturation and enhanced reliability, serving as indirect positive factors for PEPE. However, negative news, including outflows from Ethereum ETFs, Bitcoin price volatility, and the sharp decline of Trump-related projects, temporarily dampens overall market sentiment, creating short-term downward pressure on PEPE. The market presents a mix of conflicting elements, such as sensitive reactions to macroeconomic indicators alongside the expanding involvement of institutional investors in the crypto ecosystem, necessitating close monitoring of future market trends.

Outflows from Ethereum ETFs are contributing to deteriorating market sentiment, exerting downward pressure on PEPE. Fluctuations in macroeconomic indicators, such as US employment data, also disrupt risk sentiment. The sharp decline in associated projects like WLFI carries the risk of contagion affecting the meme coin sector as a whole. Immediate support levels are unclear, warranting caution regarding potential price discovery to the downside.

In the short term (24-48 hours), expect sideways movement or a slight decline, contingent upon ETH ETF outflow trends and market reactions to macroeconomic indicators. Over the medium term (1 week), a potential price recovery may emerge if these headwinds dissipate and market sentiment improves. Key catalysts to monitor include the upcoming US inflation data release and regulatory developments from the SEC/CFTC.

The PEPE market currently exhibits a neutral to slightly bearish bias, influenced by a confluence of long-term positive factors like increasing institutional involvement and short-term headwinds such as outflows from Ethereum ETFs and macroeconomic uncertainty. Technically, the asset is lacking a clear trend and remains range-bound. As for investment strategy, caution is advised when considering entry points at this juncture. It is prudent to avoid overly aggressive long positions and wait for a clearer market direction. Should one decide to enter, scaling in with smaller positions near recent support levels, accompanied by strict stop-loss orders below these levels, is recommended. Alternatively, waiting for a confirmed breakout above a key resistance level before initiating a long position is also a viable strategy. Key price levels to monitor this week are the upper and lower boundaries of the current trading range. A decisive move breaking through the range resistance could signal a short-term uptrend, whereas a breach below the support level should be viewed as a precursor to potential further declines. Profit targets should be set at the subsequent resistance level after a breakout, while stop-losses should be implemented immediately upon a break below the support. From a risk management standpoint, it is crucial to remain aware of PEPE's high volatility and manage position sizes accordingly. Diversifying one's portfolio is also advisable to hedge against market fluctuations. Despite current consolidation, the overall cryptocurrency market retains significant growth potential, which PEPE could potentially tap into. By filtering out market noise, maintaining a calm analytical approach, and adhering to disciplined trading practices, traders can position themselves to capitalize on emerging opportunities. Maintain optimism and proceed with prudent execution.