$BLUAI That drop just got hit a bit hard—15 minutes and it’s down another -26%. Trading volume has spiked to 8.4x, and active capital is clearly moving. It doesn’t look like a simple pullback; it looks more like a coordinated move of “price down + OI up”—the newly added short leverage is entering to harvest. Over $20 million in notional value just evaporated like that.
There’s still $250 million in volume for the whole day. The buy/sell ratio is 0.81, and aggressive selling pressure is dominant. Short-term sentiment is clearly bearish. If you have positions, pay attention to the depth and volatility at this level—don’t expect some V-shaped reversal. Until the selloff is truly over, don’t rush to bottom-pick.
There’s still $250 million in volume for the whole day. The buy/sell ratio is 0.81, and aggressive selling pressure is dominant. Short-term sentiment is clearly bearish. If you have positions, pay attention to the depth and volatility at this level—don’t expect some V-shaped reversal. Until the selloff is truly over, don’t rush to bottom-pick.