$SOPH This drop doesn’t feel quite right.
On the 15m chart, it directly dumped 3.17%, with volume spiking to 3.32x. The Z value is 3.14—this isn’t a normal pullback; it looks like someone is actively selling.
Aggressive volume gap is -23.2%, the buy/sell ratio is 0.62. Sell orders are pressing down against buy orders, and even the close broke below the lower edge of the last ~20 5m bars.
But interestingly, OI only fell 0.76%, nominally -320K. Price is down and OI is down—this is typical of a liquidation/squeeze that kills long leverage: mostly stop-outs and position reductions, not a brand-new surge of shorting.
The abnormal percentile is 92.7%, ranking 5th in the whole pool. It’s been continuing across several consecutive cycles. Over the past 24h, trading value is still 63.97M, and the depth is there—this isn’t just a spike poke; there’s real capital exiting.
First, see whether price can reclaim the lower edge of the 5m range from this level. If it can’t, the next leg may keep grinding.
On the 15m chart, it directly dumped 3.17%, with volume spiking to 3.32x. The Z value is 3.14—this isn’t a normal pullback; it looks like someone is actively selling.
Aggressive volume gap is -23.2%, the buy/sell ratio is 0.62. Sell orders are pressing down against buy orders, and even the close broke below the lower edge of the last ~20 5m bars.
But interestingly, OI only fell 0.76%, nominally -320K. Price is down and OI is down—this is typical of a liquidation/squeeze that kills long leverage: mostly stop-outs and position reductions, not a brand-new surge of shorting.
The abnormal percentile is 92.7%, ranking 5th in the whole pool. It’s been continuing across several consecutive cycles. Over the past 24h, trading value is still 63.97M, and the depth is there—this isn’t just a spike poke; there’s real capital exiting.
First, see whether price can reclaim the lower edge of the 5m range from this level. If it can’t, the next leg may keep grinding.