$VIRTUAL This bearish move has a bit of something.
In 15 minutes, it directly broke through the lower edge of nearly 20 five‑meter Ks, and the trading volume surged to more than 11 times the usual level. The active sell pressure is basically one‑sided, with the buy/sell ratio dropping to just 0.68. While the price is making new lows, the OI is still climbing—this is a classic case of incremental-leverage shorts entering, not that kind of “stored players panic and run”虚跌 (a kind of fake selloff).
The current price is already pressing near its own historical extreme zone. The abnormality level across the whole pool ranks at #13. This structure has been continuing for several consecutive cycles. Nominal open interest changes aren’t huge, but the direction is very clear: someone added leverage at this level to drive it downward.
What’s a bit subtle now is that the OI abnormal percentile is already at 94%. If it keeps accumulating, any rebound afterward could trigger a short squeeze/short liquidation cascade. But as long as this selloff structure hasn’t finished playing out, being cautious with dip-buying is probably wiser.
Let’s watch for now. In this kind of strong bearish trend, don’t rush to be a contrarian.
In 15 minutes, it directly broke through the lower edge of nearly 20 five‑meter Ks, and the trading volume surged to more than 11 times the usual level. The active sell pressure is basically one‑sided, with the buy/sell ratio dropping to just 0.68. While the price is making new lows, the OI is still climbing—this is a classic case of incremental-leverage shorts entering, not that kind of “stored players panic and run”虚跌 (a kind of fake selloff).
The current price is already pressing near its own historical extreme zone. The abnormality level across the whole pool ranks at #13. This structure has been continuing for several consecutive cycles. Nominal open interest changes aren’t huge, but the direction is very clear: someone added leverage at this level to drive it downward.
What’s a bit subtle now is that the OI abnormal percentile is already at 94%. If it keeps accumulating, any rebound afterward could trigger a short squeeze/short liquidation cascade. But as long as this selloff structure hasn’t finished playing out, being cautious with dip-buying is probably wiser.
Let’s watch for now. In this kind of strong bearish trend, don’t rush to be a contrarian.