$UAI This 15m chart is kind of interesting.
The price fell 2.59%—not that much—but the volume surged to 3.28x. The Z value is 2.55, and the close even broke below the lower edge of the past ~20 5m candles. The key point is that OI is dropping—15m -0.20%, 1h -0.19%—and the notional fell by more than 600k U. This doesn’t look like fresh shorts came in to smash it; it looks more like longs stepping on their own feet—either stopping out or being forced to reduce positions.
The aggressive trade volume gap is -14%, and the buy/sell ratio is 0.75. There is sell pressure, but OI drops in sync, which suggests position-closing is driving the move rather than a trending, sustained short. The abnormal percentile is 86.9%, across the whole pool #4; the notional change is #9. Liquidity was pushed out by real money.
In the past 24h, turnover is 46.92M. The pool isn’t that deep. In this kind of deleveraging selloff, sharp rebounds are often easier to trigger than in selloffs with fresh leverage added. But the prerequisite is that the incoming volume can actually absorb it—otherwise it turns into a slow, grinding drop.
First, watch whether the price can quickly reclaim the lower edge of this range. If it can’t, there’s room further down.
The price fell 2.59%—not that much—but the volume surged to 3.28x. The Z value is 2.55, and the close even broke below the lower edge of the past ~20 5m candles. The key point is that OI is dropping—15m -0.20%, 1h -0.19%—and the notional fell by more than 600k U. This doesn’t look like fresh shorts came in to smash it; it looks more like longs stepping on their own feet—either stopping out or being forced to reduce positions.
The aggressive trade volume gap is -14%, and the buy/sell ratio is 0.75. There is sell pressure, but OI drops in sync, which suggests position-closing is driving the move rather than a trending, sustained short. The abnormal percentile is 86.9%, across the whole pool #4; the notional change is #9. Liquidity was pushed out by real money.
In the past 24h, turnover is 46.92M. The pool isn’t that deep. In this kind of deleveraging selloff, sharp rebounds are often easier to trigger than in selloffs with fresh leverage added. But the prerequisite is that the incoming volume can actually absorb it—otherwise it turns into a slow, grinding drop.
First, watch whether the price can quickly reclaim the lower edge of this range. If it can’t, there’s room further down.