$POWER This 15-minute drop is a bit sudden—down -7.62%, with volume rising to 1.27x. But it’s not that kind of panic dumping volume; it feels more like the longs pulled back on their own.
In the OI over the next 15 minutes, it drops straight by 2.61%, with the notional value down by 800k U. In the next hour, it’s also net reduction in positions. Price falls while OI declines—this is a classic deleveraging structure. At the 98.2% abnormal percentile, across the entire pool (#6), multiple consecutive periods are reducing exposure. This isn’t just a one- or two-candle wick; someone is continuously shrinking positions.
The active trade imbalance is -6.3%, the buy/sell ratio is 0.88. Selling pressure dominates but it’s not extreme. Over the past 24h there’s still 100 million in trading volume, so liquidity is sufficient. The key is how OI changes at this level—approaching historical extreme ranges. That means it’s either the end of a washout, or a prelude to a trend reversal. How the next few 15-minute intervals close is crucial.
Don’t rush in. Wait until OI stabilizes first.
In the OI over the next 15 minutes, it drops straight by 2.61%, with the notional value down by 800k U. In the next hour, it’s also net reduction in positions. Price falls while OI declines—this is a classic deleveraging structure. At the 98.2% abnormal percentile, across the entire pool (#6), multiple consecutive periods are reducing exposure. This isn’t just a one- or two-candle wick; someone is continuously shrinking positions.
The active trade imbalance is -6.3%, the buy/sell ratio is 0.88. Selling pressure dominates but it’s not extreme. Over the past 24h there’s still 100 million in trading volume, so liquidity is sufficient. The key is how OI changes at this level—approaching historical extreme ranges. That means it’s either the end of a washout, or a prelude to a trend reversal. How the next few 15-minute intervals close is crucial.
Don’t rush in. Wait until OI stabilizes first.