$Lobster 15m directly smashed it down 6.76%, and volume hit 2.96x—this wave of longs deleveraging tastes pretty intense.

OI 15m -1.67%, notional evaporated 2.43M, but on the 1h dimension it actually edged up by 289K—what does that mean? Short-term stop-loss sell orders are running, but someone’s taking them. Buy-sell ratio is 0.96; the aggressive trade difference is -2.2%, and sell pressure doesn’t look overwhelmingly crushing.

Most interestingly, the OI abnormal percentile is 96%, the whole pool is #5, and the notional change is #3. A clean, straightforward chain of blasts—this isn’t retail panic, it’s chips changing hands.

At this spot, don’t rush to catch the flying knife.