$BB 15 minutes straight and it dropped 6.7% immediately, with trading volume exploding to 3.7x. OI on the 15-minute timeframe fell nearly 5%, and notional positions shrank by 810k U in one go. This isn’t a normal pullback at all—it’s simply longs cutting positions passively.
Looking at the data, the abnormal percentile for OI has already reached 98.6%, ranking first across the whole pool. The funding rate is still staying high, indicating that in the derivatives market, those stubborn longs are still propping it up. Active selling pressure is dominant; the buy/sell ratio is 0.89, and the direction is obvious.
This kind of deleveraging across multiple consecutive cycles isn’t something that happens in an instant—it’s a process. Don’t rush to catch the flying knives, brothers. Wait until it has cleared out the leverage first, then we talk.
Looking at the data, the abnormal percentile for OI has already reached 98.6%, ranking first across the whole pool. The funding rate is still staying high, indicating that in the derivatives market, those stubborn longs are still propping it up. Active selling pressure is dominant; the buy/sell ratio is 0.89, and the direction is obvious.
This kind of deleveraging across multiple consecutive cycles isn’t something that happens in an instant—it’s a process. Don’t rush to catch the flying knives, brothers. Wait until it has cleared out the leverage first, then we talk.