This order book is getting interesting👇
$ALLO Right now, in 15m, one single -4.33% drop has been slammed down, and the trading volume has surged to 6.76x. The key point is that the price is falling while OI is still rising—this is not a bargain hunt; someone is adding leverage to chase short.
The underlying data is also “clean”: OI abnormal percentile hits 99%, pool abnormal #5, notional change #3, and the pattern continues across multiple consecutive periods. The funding rate is still at a high level, indicating the shorts have been holding on and not exiting. This time, it has broken through the lower edge of the near 20-5m K-line range. Combined with the passive-minus-active成交差 of -8.3%, the sell pressure looks well-stacked.
Objectively speaking, this isn’t just panic-driven flight. It’s more like the shorts are actively adding positions and smashing through the range boundaries. And since the price has reached the vicinity of its own historical extreme range, what happens next—continued stampede liquidation or a sudden bounce—depends on whether the long side can hold up against this O I雪球 (snowball).
Keep an eye on whether the trading volume can sustain. If later it shrinks and stays flat, it’s actually more likely to produce a surprise.
$ALLO Right now, in 15m, one single -4.33% drop has been slammed down, and the trading volume has surged to 6.76x. The key point is that the price is falling while OI is still rising—this is not a bargain hunt; someone is adding leverage to chase short.
The underlying data is also “clean”: OI abnormal percentile hits 99%, pool abnormal #5, notional change #3, and the pattern continues across multiple consecutive periods. The funding rate is still at a high level, indicating the shorts have been holding on and not exiting. This time, it has broken through the lower edge of the near 20-5m K-line range. Combined with the passive-minus-active成交差 of -8.3%, the sell pressure looks well-stacked.
Objectively speaking, this isn’t just panic-driven flight. It’s more like the shorts are actively adding positions and smashing through the range boundaries. And since the price has reached the vicinity of its own historical extreme range, what happens next—continued stampede liquidation or a sudden bounce—depends on whether the long side can hold up against this O I雪球 (snowball).
Keep an eye on whether the trading volume can sustain. If later it shrinks and stays flat, it’s actually more likely to produce a surprise.