$CYS This dip isn’t that big—on the 15m chart it’s only -1.30%—but the volume surged straight to 7.23x, with a Z-score of 2.20. This is clearly not a normal turnover.
More importantly, OI is dropping: 15m -0.21%, 1h -1.83%. The notional has fallen by nearly 180k U. Price is going down while open interest is shrinking—this is typical long deleveraging / stop-loss, not shorts opening new positions to dump.
It also closed below the lower edge of the last ~20 of the 5m candles. Active volume difference is -0.9%, buy/sell ratio is 0.98. Sell pressure isn’t extremely high, but absorption is weak.
Abnormal percentile is 86.3%, ranking #13 in the whole pool. It has continued across several consecutive periods. In the last 24h, turnover is only 8.12M and the order book/liquidity isn’t thick. Don’t rush to bottom-fish—wait for OI to stabilize first.
More importantly, OI is dropping: 15m -0.21%, 1h -1.83%. The notional has fallen by nearly 180k U. Price is going down while open interest is shrinking—this is typical long deleveraging / stop-loss, not shorts opening new positions to dump.
It also closed below the lower edge of the last ~20 of the 5m candles. Active volume difference is -0.9%, buy/sell ratio is 0.98. Sell pressure isn’t extremely high, but absorption is weak.
Abnormal percentile is 86.3%, ranking #13 in the whole pool. It has continued across several consecutive periods. In the last 24h, turnover is only 8.12M and the order book/liquidity isn’t thick. Don’t rush to bottom-fish—wait for OI to stabilize first.
