$LA This wave in 15 minutes dropped another 0.72%. Trading volume even jumped to 3.19x, and the price violently broke below the lower bound of nearly 20 K-lines. It looks vicious, but OI is shrinking—15-minute contract open interest fell 0.75%, and with that obvious amount of aggressive selling pressure (buy/sell ratio is only 0.54), it looks more like squeezing out long leverage rather than new shorts smashing the market.
What’s interesting is that the abnormal percentile of OI has already reached 98.8%, ranking third across the entire pool. At this level, it’s either a vacuum after liquidation, or buildup before the next blast. In just 24 hours, the turnover is only 7.5M, yet the notional change has climbed into the top 40, suggesting someone has started taking action in this range.
It’s broken down—but whether it’s a trap or not depends on whether the volume can hold up afterward. Don’t rush to chase; first watch whether OI can stop falling.
What’s interesting is that the abnormal percentile of OI has already reached 98.8%, ranking third across the entire pool. At this level, it’s either a vacuum after liquidation, or buildup before the next blast. In just 24 hours, the turnover is only 7.5M, yet the notional change has climbed into the top 40, suggesting someone has started taking action in this range.
It’s broken down—but whether it’s a trap or not depends on whether the volume can hold up afterward. Don’t rush to chase; first watch whether OI can stop falling.