$BTW This drop is kind of interesting.
On the 15m chart, it broke through the lower edge of the past ~20 5m K candles directly. The volume surged to more than 2x the usual level. In theory, funds should step in at this kind of spot—but instead, aggressive sell pressure stacked up to -4.4%, and the buy/sell ratio is 0.92. Nobody seems interested in catching it.
More worth noting is that OI is shrinking in parallel—on both the 15m and 1h timeframes, the nominal figure is also decreasing. This kind of selloff looks more like the long side is conceding and exiting, rather than the shorts launching a new offensive attack. The current price is already near its own historical extreme range. With the combination of price falling plus position shrinking, it suggests leverage is being withdrawn—not just panic selling.
The pool’s abnormality rank is also #7, and the nominal changes are #7 as well. That indicates the capital behind this breakout has an attitude.
For the 17M timeframe’s 24h trading value, the volume isn’t especially frightening, but it’s enough to exert force given this market’s size. First, let’s see how far the pullback after the lower edge can go. We’ll see if it manages to reclaim levels afterward.
On the 15m chart, it broke through the lower edge of the past ~20 5m K candles directly. The volume surged to more than 2x the usual level. In theory, funds should step in at this kind of spot—but instead, aggressive sell pressure stacked up to -4.4%, and the buy/sell ratio is 0.92. Nobody seems interested in catching it.
More worth noting is that OI is shrinking in parallel—on both the 15m and 1h timeframes, the nominal figure is also decreasing. This kind of selloff looks more like the long side is conceding and exiting, rather than the shorts launching a new offensive attack. The current price is already near its own historical extreme range. With the combination of price falling plus position shrinking, it suggests leverage is being withdrawn—not just panic selling.
The pool’s abnormality rank is also #7, and the nominal changes are #7 as well. That indicates the capital behind this breakout has an attitude.
For the 17M timeframe’s 24h trading value, the volume isn’t especially frightening, but it’s enough to exert force given this market’s size. First, let’s see how far the pullback after the lower edge can go. We’ll see if it manages to reclaim levels afterward.