$AR This drop isn’t that deep, but the structure is pretty messy.
On 15m, there’s a sudden surge in volume—13.79x. The price dropped 1.68%. The buy/sell ratio of aggressors is 0.36, and sell pressure is clearly pushing the bids down. The key is that OI is falling in sync—on 15m it’s -3.59%, on 1h it’s close to -4%, and the percentile is 98.8%, the highest in the whole pool.
This doesn’t look like fresh shorts entering and dumping. It’s more like the longs are de-leveraging themselves—liquidating, cutting risk, or passively reducing positions, going flat while the price is still falling.
The price has already broken below the lows of the last 20 5m candles and is trading along the historical extreme range. Don’t rush to catch here. OI isn’t just dropping—any rebounds are likely being used to reduce positions.
On 15m, there’s a sudden surge in volume—13.79x. The price dropped 1.68%. The buy/sell ratio of aggressors is 0.36, and sell pressure is clearly pushing the bids down. The key is that OI is falling in sync—on 15m it’s -3.59%, on 1h it’s close to -4%, and the percentile is 98.8%, the highest in the whole pool.
This doesn’t look like fresh shorts entering and dumping. It’s more like the longs are de-leveraging themselves—liquidating, cutting risk, or passively reducing positions, going flat while the price is still falling.
The price has already broken below the lows of the last 20 5m candles and is trading along the historical extreme range. Don’t rush to catch here. OI isn’t just dropping—any rebounds are likely being used to reduce positions.