$ACT This 15-minute drop fell 2.34%. Trading volume was lifted directly to more than 5x, and the price even broke through the lows of nearly 20 five-minute K-bars.
What’s interesting is that during this sell-off, the futures contract open interest actually shrank. The notional position over the past hour decreased by about 3.4%. With the discretionary selling pressure, the buy-sell ratio was pushed down to 0.52—so the longs are basically smashing down while pulling back.
At the 90.7% abnormal percentile, it ranks in the top 20 of the entire pool. This “down but without building volume” structure feels more like retail investors cutting losses and exiting rather than institutions dumping. But don’t rush to step in in the short term—because the stop-loss selling hasn’t finished clearing yet. #ACT
What’s interesting is that during this sell-off, the futures contract open interest actually shrank. The notional position over the past hour decreased by about 3.4%. With the discretionary selling pressure, the buy-sell ratio was pushed down to 0.52—so the longs are basically smashing down while pulling back.
At the 90.7% abnormal percentile, it ranks in the top 20 of the entire pool. This “down but without building volume” structure feels more like retail investors cutting losses and exiting rather than institutions dumping. But don’t rush to step in in the short term—because the stop-loss selling hasn’t finished clearing yet. #ACT