$ARC That move is a bit brutal. In the 15m timeframe, it directly dropped and carved out nearly 2%—the volume expanded to 1.76x the average. Even the close fell below the lower bound of the last ~20 consecutive 5m bars—not a wick, but moving downward with volume.
Looking at OI is even more interesting: 15m -0.11%, 1h -0.30%, with a notional decrease of 1.55 million U. Price fell while OI dropped as well—typical deleveraging by longs, not fresh shorts entering. This looks like someone is passively giving up/handing over positions.
Active buy vs sell is 0.66; active imbalance is -20.8%, with sell pressure in control.
OI percentile is 96.4%—5th in the whole pool. Notional change rank is 10th. The pattern has continued across several consecutive cycles. This is already near an all-time extreme zone; now it’s basically a stress test.
With this kind of structure, I generally don’t rush to catch it. Wait for OI to stabilize and the active imbalance to narrow—otherwise you’re just catching a falling knife. In the last 24h the turnover is only 6.66 million; the order book is sitting there as it is. Don’t go all-in betting on direction.
Looking at OI is even more interesting: 15m -0.11%, 1h -0.30%, with a notional decrease of 1.55 million U. Price fell while OI dropped as well—typical deleveraging by longs, not fresh shorts entering. This looks like someone is passively giving up/handing over positions.
Active buy vs sell is 0.66; active imbalance is -20.8%, with sell pressure in control.
OI percentile is 96.4%—5th in the whole pool. Notional change rank is 10th. The pattern has continued across several consecutive cycles. This is already near an all-time extreme zone; now it’s basically a stress test.
With this kind of structure, I generally don’t rush to catch it. Wait for OI to stabilize and the active imbalance to narrow—otherwise you’re just catching a falling knife. In the last 24h the turnover is only 6.66 million; the order book is sitting there as it is. Don’t go all-in betting on direction.