$DASH This 15m move got hammered a bit fast.
Price is down 2.4%, and volume directly jumped to 3.59x. The Z value is 4.68, with aggressive trades lagging at -24.9% and the buy/sell ratio at 0.60—sell pressure is very clear. Most importantly, OI: 15m down 1.87%, 1h down 3.51%, nominal change -6.68%, anomaly percentile at 99.2%, ranking 9th across the whole pool.
This isn’t new shorts entering—it looks like longs deleveraging. Price is falling while OI is also dropping; it has a strong flavor of stops getting hit and positions being reduced.
Right after breaking below the near-term 20-ish 5m lower band, the 24h traded value is still 98M, and the funding rate is in the high percentile. In this kind of structure, any rebound may be relatively weak.
Price is down 2.4%, and volume directly jumped to 3.59x. The Z value is 4.68, with aggressive trades lagging at -24.9% and the buy/sell ratio at 0.60—sell pressure is very clear. Most importantly, OI: 15m down 1.87%, 1h down 3.51%, nominal change -6.68%, anomaly percentile at 99.2%, ranking 9th across the whole pool.
This isn’t new shorts entering—it looks like longs deleveraging. Price is falling while OI is also dropping; it has a strong flavor of stops getting hit and positions being reduced.
Right after breaking below the near-term 20-ish 5m lower band, the 24h traded value is still 98M, and the funding rate is in the high percentile. In this kind of structure, any rebound may be relatively weak.
