$ARK Over these 15 minutes, it dropped 3.12%. Volume surged straight to 2.34x, while OI simultaneously fell by 1.83%, and notional value shrank by roughly 290,000 USDT. Clearly, longs are deleveraging—there’s been a round of liquidation sweeps on the stop-loss orders. The OI for the past hour is still positive at +1.53%, but the notional is also contracting, which suggests no new short entries—this is purely position reduction. The buy-sell ratio is 0.87, and the aggressive trades are down by -7.2%, with selling pressure dominating. The anomaly percentile is 92.1%, ranking 10th across the whole pool. In the last 24 hours, trading volume is 104 million USDT. Liquidity depth is fine; it’s just that the structure of this drop with rising volume doesn’t look great. Wait and see whether OI can hold—if it can’t, there may be a second wave.