$BANK This spot is a bit interesting.
The 15m price dropped below the lower bound of the last 20 5m bars’ range, and volume expanded to 1.65x. OI fell by 0.83% within an hour, with notional down just over 120k U. Price is down and OI is also down—this is the classic long unwinding/stop-loss scenario, not the kind of liquidation where new shorts rush in to slam the market.
But active trading is still worse by more than +4%, and the buy/sell ratio is 1.08, which suggests the people below haven’t completely bailed out. Its abnormal percentile is 92.1%, ranking 7th within the whole pool, while the notional change rank is only 47th. In plain terms: the pool is small—shrink a little positioning and the indicators can be pushed upward.
With this kind of structure, I generally don’t rush to chase a short. Near the end of deleveraging, there’s often a rebound. Wait until OI stabilizes before deciding the direction—don’t get tricked into it by this single 15m move.
The 15m price dropped below the lower bound of the last 20 5m bars’ range, and volume expanded to 1.65x. OI fell by 0.83% within an hour, with notional down just over 120k U. Price is down and OI is also down—this is the classic long unwinding/stop-loss scenario, not the kind of liquidation where new shorts rush in to slam the market.
But active trading is still worse by more than +4%, and the buy/sell ratio is 1.08, which suggests the people below haven’t completely bailed out. Its abnormal percentile is 92.1%, ranking 7th within the whole pool, while the notional change rank is only 47th. In plain terms: the pool is small—shrink a little positioning and the indicators can be pushed upward.
With this kind of structure, I generally don’t rush to chase a short. Near the end of deleveraging, there’s often a rebound. Wait until OI stabilizes before deciding the direction—don’t get tricked into it by this single 15m move.