$ACU This drop is pretty decisive.
In 15 minutes it fell 2.35% straight, with volume expanding to nearly 3x. The closing price also broke below the lower bound of the past ~20 five-minute candlesticks’ range. More importantly, OI is contracting—both the 15-minute and 1-hour views are trending down. The notional value decreased by 80k and 140k U respectively. This doesn’t look like a sell-off caused by newly added shorts; it looks more like longs are actively de-leveraging and exiting, cutting losses.
The active trade imbalance is -22.3%, the buy/sell ratio is 0.64, and the selling pressure is genuinely there. The abnormality level for the whole pool ranks #3, and the OI percentile is 95%—this level is definitely worth watching.
In the past 24 hours, the total traded value is only a bit over 10 million U. The float isn’t big, so once volatility starts, moves can be quite sharp. Since price has already fallen near historical extreme territory and the direction is clear, resistance to a short-term rebound won’t be small either.
Technically it has already broken down, liquidity is pulling back, and what remains is the impact on market sentiment.
In 15 minutes it fell 2.35% straight, with volume expanding to nearly 3x. The closing price also broke below the lower bound of the past ~20 five-minute candlesticks’ range. More importantly, OI is contracting—both the 15-minute and 1-hour views are trending down. The notional value decreased by 80k and 140k U respectively. This doesn’t look like a sell-off caused by newly added shorts; it looks more like longs are actively de-leveraging and exiting, cutting losses.
The active trade imbalance is -22.3%, the buy/sell ratio is 0.64, and the selling pressure is genuinely there. The abnormality level for the whole pool ranks #3, and the OI percentile is 95%—this level is definitely worth watching.
In the past 24 hours, the total traded value is only a bit over 10 million U. The float isn’t big, so once volatility starts, moves can be quite sharp. Since price has already fallen near historical extreme territory and the direction is clear, resistance to a short-term rebound won’t be small either.
Technically it has already broken down, liquidity is pulling back, and what remains is the impact on market sentiment.