$PUMP just dealt a savage blow—within 15 minutes it punched through the lows of nearly 20 consecutive 5-minute candles. Volume exploded to 1.78x, the volatility Z-score reached 2.61, sell orders in the aggressive book overwhelmed, the buy/sell ratio was 0.74, and net outflow was -14.9%.
What’s more, interestingly, while price fell 1.6%, OI actually increased slightly by +0.05%, but the notional change dropped by -908K USDT. This suggests the newly added leverage is more likely being added by shorts at the top—not longs bottom-fishing. In the short term, there’s a high probability of continued momentum toward further downside.
PUMP’s OI abnormal percentile climbed to 93.1%, ranking 6th in the whole pool—very close to historical extreme territory. Watch the potential rebound risk from short squeezes; don’t chase longs in a weak market.
What’s more, interestingly, while price fell 1.6%, OI actually increased slightly by +0.05%, but the notional change dropped by -908K USDT. This suggests the newly added leverage is more likely being added by shorts at the top—not longs bottom-fishing. In the short term, there’s a high probability of continued momentum toward further downside.
PUMP’s OI abnormal percentile climbed to 93.1%, ranking 6th in the whole pool—very close to historical extreme territory. Watch the potential rebound risk from short squeezes; don’t chase longs in a weak market.