$INJ Just smashed a 15m candle—volume/energy directly pushed it to 2.29x the baseline, and the closing price broke below the lower bound of the past 20-odd 5m candles. The buy/sell ratio is 0.73, with sell pressure clearly skewed.
But what’s interesting is the OI: on the 15m it dipped slightly by 0.06%, yet over 1h it actually rose by 0.71%. Price fell and OI didn’t collapse with it, suggesting this isn’t fresh large-scale shorting. It looks more like longs de-leveraging, with stop-losses being swept. The anomaly percentile is 91.5%. In the entire pool it ranks 8th—high heat, but the structure isn’t too messy.
At this spot, I tend to wait rather than chase the short. If OI keeps moving sideways and price continues to grind along the lower edge of the range, that’s actually a window to observe how strong the holding/buying support is. The 24h turnover on 46M isn’t from a huge pool—if it were truly smashed into panic selling, liquidity would show it.
But what’s interesting is the OI: on the 15m it dipped slightly by 0.06%, yet over 1h it actually rose by 0.71%. Price fell and OI didn’t collapse with it, suggesting this isn’t fresh large-scale shorting. It looks more like longs de-leveraging, with stop-losses being swept. The anomaly percentile is 91.5%. In the entire pool it ranks 8th—high heat, but the structure isn’t too messy.
At this spot, I tend to wait rather than chase the short. If OI keeps moving sideways and price continues to grind along the lower edge of the range, that’s actually a window to observe how strong the holding/buying support is. The 24h turnover on 46M isn’t from a huge pool—if it were truly smashed into panic selling, liquidity would show it.