$TAC This dump is really brutal — it tanked 4.32% in just 15 minutes. 📉
The market signals are interesting: OI has been steadily dropping, with contract open interest down 1.34% on the 15-minute timeframe and 2.39% over the 1-hour timeframe. What does that mean? It doesn’t look like fresh shorts are driving the selloff; it looks more like longs are giving up voluntarily, cutting losses and exiting — the flavor here is strong deleveraging.
Active buy-sell difference is -36.8%, and the buy/sell ratio is only 0.46, so selling pressure is completely one-sided. Price has already broken below the lower edge of the last 20 five-minute candles. If this level can’t hold, it’s hard to say where the next support will be.
Volume has expanded to 1.57x, volatility Z-score is 2.35, and the abnormality of pool-wide OI ranks first — this thing is basically a powder keg right now, liable to make a big move at any moment. With only a $18 million 24-hour market, even a small amount of capital running can send the price flying all over the place.
What I’m watching is whether this flush is actually finished. The OI drop isn’t that extreme, so there may still be positions left to clear. But chasing a short based on such extreme indicators also risks getting stabbed by a sudden wick.
Wait, observe, and let the bullet fly a little longer.
The market signals are interesting: OI has been steadily dropping, with contract open interest down 1.34% on the 15-minute timeframe and 2.39% over the 1-hour timeframe. What does that mean? It doesn’t look like fresh shorts are driving the selloff; it looks more like longs are giving up voluntarily, cutting losses and exiting — the flavor here is strong deleveraging.
Active buy-sell difference is -36.8%, and the buy/sell ratio is only 0.46, so selling pressure is completely one-sided. Price has already broken below the lower edge of the last 20 five-minute candles. If this level can’t hold, it’s hard to say where the next support will be.
Volume has expanded to 1.57x, volatility Z-score is 2.35, and the abnormality of pool-wide OI ranks first — this thing is basically a powder keg right now, liable to make a big move at any moment. With only a $18 million 24-hour market, even a small amount of capital running can send the price flying all over the place.
What I’m watching is whether this flush is actually finished. The OI drop isn’t that extreme, so there may still be positions left to clear. But chasing a short based on such extreme indicators also risks getting stabbed by a sudden wick.
Wait, observe, and let the bullet fly a little longer.