$ASTR This wave of bulls is running a bit too fast.
On the 15m chart, the price is down 1.22%. It doesn’t look huge, but the volume has jumped to 2.58x. Passive-to-aggressive execution difference is -32.8%, and the buy/sell ratio is 0.51—meaning sellers are fully pressing the advantage.
The key is the OI: on the 15m chart, it’s -1.61%, and on the 1h it’s -2.38%. Both are coordinated with the price decline as positions are being reduced. This isn’t new shorts entering—it’s old longs deleveraging, cutting positions, and stopping out. The funding rate is still in a high percentile recently; the people who piled in earlier are now starting to step on each other.
Abnormal percentile is 79.2%, in the whole pool #18—not the worst, but worth keeping an eye on. This kind of structure usually isn’t a one-and-done drop; the bulls’ positions haven’t been fully cleared yet.
Personally, I’m not looking for a rebound first—I’m watching when this deleveraging phase will finally stop.
On the 15m chart, the price is down 1.22%. It doesn’t look huge, but the volume has jumped to 2.58x. Passive-to-aggressive execution difference is -32.8%, and the buy/sell ratio is 0.51—meaning sellers are fully pressing the advantage.
The key is the OI: on the 15m chart, it’s -1.61%, and on the 1h it’s -2.38%. Both are coordinated with the price decline as positions are being reduced. This isn’t new shorts entering—it’s old longs deleveraging, cutting positions, and stopping out. The funding rate is still in a high percentile recently; the people who piled in earlier are now starting to step on each other.
Abnormal percentile is 79.2%, in the whole pool #18—not the worst, but worth keeping an eye on. This kind of structure usually isn’t a one-and-done drop; the bulls’ positions haven’t been fully cleared yet.
Personally, I’m not looking for a rebound first—I’m watching when this deleveraging phase will finally stop.