The flavor of this uptrend deleveraging move in POLYX is way too obvious.
On 15m, it directly dumped 1.22%, and the volume hit 8x. At the same time, OI fell by 3%, with the notional shrinking by over a hundred thousand U. On the 1h chart, it’s also in sync with de-leveraging/position reduction. When price drops + OI drops together, this combination basically means longs are being forced to close out passively—stop-losses are getting swept. It doesn’t look like new shorts just entered to slam the book.
The passive成交差 is -29.9%, the buy/sell ratio is 0.54, and the sell pressure is genuinely skewed toward the sellers. Also, the OI abnormal percentile has reached 99%—the whole pool is ranked at #19, and it’s been continuing across multiple consecutive cycles. Signals like this usually aren’t finished yet.
Over 24h, the trading value is only 7.76M, and the pool itself isn’t deep. With liquidity like this, you can push out to kill the longs, and rebounds are also easier to be fake. First, see whether this leverage cleanup is truly done—don’t rush to catch.
On 15m, it directly dumped 1.22%, and the volume hit 8x. At the same time, OI fell by 3%, with the notional shrinking by over a hundred thousand U. On the 1h chart, it’s also in sync with de-leveraging/position reduction. When price drops + OI drops together, this combination basically means longs are being forced to close out passively—stop-losses are getting swept. It doesn’t look like new shorts just entered to slam the book.
The passive成交差 is -29.9%, the buy/sell ratio is 0.54, and the sell pressure is genuinely skewed toward the sellers. Also, the OI abnormal percentile has reached 99%—the whole pool is ranked at #19, and it’s been continuing across multiple consecutive cycles. Signals like this usually aren’t finished yet.
Over 24h, the trading value is only 7.76M, and the pool itself isn’t deep. With liquidity like this, you can push out to kill the longs, and rebounds are also easier to be fake. First, see whether this leverage cleanup is truly done—don’t rush to catch.