$H This 15-minute move directly dropped 6.5%, with trading volume surging to 3.5 times. The volatility z-score reached 5.77. As the price keeps falling, OI keeps shrinking—there’s no need to guess what the shorts are doing. This is simply the script of longs getting stopped out and deleveraging.
The notional change has already hit second place across the whole pool, with an abnormal percentile of 94.6%. After multiple consecutive cycles of extreme continuation, this can’t be explained by a normal pullback anymore. The close broke below the lower edge of the 20 five-minute candlestick range; active sell pressure is up 5.6%, and buy-side support isn’t hard enough to absorb it.
Don’t rush to catch a falling knife. Let the bullet fly a bit longer.
The notional change has already hit second place across the whole pool, with an abnormal percentile of 94.6%. After multiple consecutive cycles of extreme continuation, this can’t be explained by a normal pullback anymore. The close broke below the lower edge of the 20 five-minute candlestick range; active sell pressure is up 5.6%, and buy-side support isn’t hard enough to absorb it.
Don’t rush to catch a falling knife. Let the bullet fly a bit longer.