SUI has taken a pretty ruthless 15-minute drop. The trading volume has directly surged to 6.66 times the norm, volatility (Z) is up to 4.96, and the flavor of the longs getting deleveraged is very strong.
OI on both 15m and 1h is trending downward—nominal has fallen by more than 4 million U. This doesn’t look like fresh shorts entering; it’s more like stop-losses and position contraction. Aggressive volume is down 41.1% versus passive, the buy/sell ratio is 0.42, and sell pressure is clearly stronger. Also, on the Binance perpetual futures, the forced-liquidation agency orders totaling 644K U are concentrated on the sell side.
Price has already touched the boundary of the recent range. OI abnormal percentile is 97.8%, and total pool nominal change ranks 8th. At this kind of level, it’s either the tail end of panic or a prelude to further downside. First, let’s see whether this 15m candle can close back up.
OI on both 15m and 1h is trending downward—nominal has fallen by more than 4 million U. This doesn’t look like fresh shorts entering; it’s more like stop-losses and position contraction. Aggressive volume is down 41.1% versus passive, the buy/sell ratio is 0.42, and sell pressure is clearly stronger. Also, on the Binance perpetual futures, the forced-liquidation agency orders totaling 644K U are concentrated on the sell side.
Price has already touched the boundary of the recent range. OI abnormal percentile is 97.8%, and total pool nominal change ranks 8th. At this kind of level, it’s either the tail end of panic or a prelude to further downside. First, let’s see whether this 15m candle can close back up.