$BCH What’s going on here—down 1.89% in just 15 minutes, with volume spiking 31x. OI simultaneously shrank by 4.26M. This is a typical deleveraging liquidation cascade, and longs have once again collectively paid the tuition.
During the session, it broke below the lower bound of the recent 20 five-minute ranges. The actively placed buy orders were less than half, and the sell side crushed it one-sidedly. The pool’s abnormal percentile was pulled straight to 100%. The volatility has reached a pace matching historical extremes.
There’s nothing much to say—shorts are in control right now. If you’re holding positions, weigh it carefully.
During the session, it broke below the lower bound of the recent 20 five-minute ranges. The actively placed buy orders were less than half, and the sell side crushed it one-sidedly. The pool’s abnormal percentile was pulled straight to 100%. The volatility has reached a pace matching historical extremes.
There’s nothing much to say—shorts are in control right now. If you’re holding positions, weigh it carefully.
