$RIVER This dip is a bit brutal—within 15 minutes, the price dropped directly by 2.5%, and the volume expanded to 7.9 times the usual level.
The chart makes it very clear: as the price moved downward, open interest also shrank. This doesn’t look like a simple sell-off; it’s more like a bunch of long positions are actively cutting and exiting. OI fell by 1.29% in the short term, and the notional value dropped by 270,000 USDT outright. The overall abnormality level ranks 5th in the entire pool.
The key point is that this candlestick broke through the lower edge of the range of the past nearly 20 five-minute candles. Active trading spread/discount hit -24.3%, and the seller side fully holds the initiative. The buy-to-sell ratio is 0.61—meaning that for every 1 unit of buy order placed, there are nearly 2 units of sell orders waiting.
A price drop combined with position reduction like this usually means leverage is getting flushed out. It’s not the moment of maximum panic, but it’s also not the time to blindly catch falling knives. First, look for signals that trading volume is shrinking and the market stabilizes. At this level, placing orders randomly can easily get you hit from both sides.
The chart makes it very clear: as the price moved downward, open interest also shrank. This doesn’t look like a simple sell-off; it’s more like a bunch of long positions are actively cutting and exiting. OI fell by 1.29% in the short term, and the notional value dropped by 270,000 USDT outright. The overall abnormality level ranks 5th in the entire pool.
The key point is that this candlestick broke through the lower edge of the range of the past nearly 20 five-minute candles. Active trading spread/discount hit -24.3%, and the seller side fully holds the initiative. The buy-to-sell ratio is 0.61—meaning that for every 1 unit of buy order placed, there are nearly 2 units of sell orders waiting.
A price drop combined with position reduction like this usually means leverage is getting flushed out. It’s not the moment of maximum panic, but it’s also not the time to blindly catch falling knives. First, look for signals that trading volume is shrinking and the market stabilizes. At this level, placing orders randomly can easily get you hit from both sides.