$MON Just now, this 15-minute candle saw a volume increase and a drop of 0.89%. The trading volume was 5.67 times the normal level, directly hitting the recent boundary.
OI is also shrinking in sync: the 15-minute contracts fell by 0.16 ten-thousands of units, close to -1%. This combination looks more like longs actively reducing positions or cutting losses—not like shorts adding to the pressure to smash the market. The 1-hour OI has only slightly increased, but the notional is also contracting, suggesting that this zone has already had a round of long-side washouts.
The aggressive turnover gap is down 27%, and the buy/sell ratio is 0.57—seller dominance is very obvious. But after this leg of liquidation, sentiment might be close to the bottom.
Next, take a look at the funding rate, which is still at a high level and sentiment is relatively hot, and the pressure on circulating spot supply hasn’t eased. Continue to stay on the sidelines with a bearish bias; I don’t recommend catching a falling knife. #MON
OI is also shrinking in sync: the 15-minute contracts fell by 0.16 ten-thousands of units, close to -1%. This combination looks more like longs actively reducing positions or cutting losses—not like shorts adding to the pressure to smash the market. The 1-hour OI has only slightly increased, but the notional is also contracting, suggesting that this zone has already had a round of long-side washouts.
The aggressive turnover gap is down 27%, and the buy/sell ratio is 0.57—seller dominance is very obvious. But after this leg of liquidation, sentiment might be close to the bottom.
Next, take a look at the funding rate, which is still at a high level and sentiment is relatively hot, and the pressure on circulating spot supply hasn’t eased. Continue to stay on the sidelines with a bearish bias; I don’t recommend catching a falling knife. #MON
