$DOS This 15-minute move directly did a 4.59% gain, and the volume was up 18x. The volatility Z-value is 5.76. OI is falling, and positions are shrinking—this is a typical cascade of long liquidations caused by stop-losses.
Over the past hour, OI was actually still increasing slightly, which suggests a lot of leverage was building up; now it’s starting to loosen. The notional positions have been cut by $215,000. Active sell orders are clearly in the lead, with the buy/sell ratio at 0.71—both sides indicate longs are exiting by cutting losses.
Compared to the full pool, this structure ranks at the 100th percentile, meaning in the current market this is one of the most extreme signals. When it drops to this level, whether to catch the falling knife—you’d better have a number in mind.
Over the past hour, OI was actually still increasing slightly, which suggests a lot of leverage was building up; now it’s starting to loosen. The notional positions have been cut by $215,000. Active sell orders are clearly in the lead, with the buy/sell ratio at 0.71—both sides indicate longs are exiting by cutting losses.
Compared to the full pool, this structure ranks at the 100th percentile, meaning in the current market this is one of the most extreme signals. When it drops to this level, whether to catch the falling knife—you’d better have a number in mind.