Damn it—$TAC , this 15-minute move directly dropped almost 7 points, and the trading volume exploded to 4x the usual amount.💥
At the same time, OI shrank a lot too—the long side is deleveraging. In the 1-hour contracts, positions fell by 11.8%. On the order book, actively placed sell orders have a clear absolute advantage; the buy-sell ratio is 0.48. It also broke through the bottom range of 20 consecutive 5-minute K-line lows.
In plain terms, this combination of “price down + volume up + positions shrinking” means the longs collectively can’t hold on and are running away. In the short term, bearish sentiment is in control. But if you pull it up to the top 6 on the abnormal ranking across the whole pool, the volatility impact is also not to be underestimated—keep watching to see whether it will bounce back or stage another dip.
Pay attention to contract direction—don’t rush to catch a falling knife.📉
At the same time, OI shrank a lot too—the long side is deleveraging. In the 1-hour contracts, positions fell by 11.8%. On the order book, actively placed sell orders have a clear absolute advantage; the buy-sell ratio is 0.48. It also broke through the bottom range of 20 consecutive 5-minute K-line lows.
In plain terms, this combination of “price down + volume up + positions shrinking” means the longs collectively can’t hold on and are running away. In the short term, bearish sentiment is in control. But if you pull it up to the top 6 on the abnormal ranking across the whole pool, the volatility impact is also not to be underestimated—keep watching to see whether it will bounce back or stage another dip.
Pay attention to contract direction—don’t rush to catch a falling knife.📉