$USELESS This drop is pretty harsh.
In just 15 minutes, it dumped 5% directly. Trading volume spiked to 4x, and OI simultaneously fell by nearly 3%, with notional down by over 2 million U. Price down + positions down—this is the classic chain-reaction liquidation of long positions, not the kind where new shorts just enter.
The OI abnormal percentile is literally topped out at 100%, ranking 4th across the whole pool. In the past 24 hours, turnover is still 142 million, and it’s also a fairly active, noteworthy target within the pool. Aggressive volume is worse by -11.6%, buy/sell ratio is 0.79—selling pressure is definitely heavier.
This instrument itself is already sitting in the historical extreme range. Across multiple consecutive cycles, OI has remained abnormally elevated, and the depth has been confirmed as well. At this kind of level, things are most likely to go wrong—once leverage blows up, it triggers a chain reaction.
Right now, we haven’t seen any confirmation of absorption in this structure. Don’t rush to copy the trade—wait for the OI to stabilize before making a move.
In just 15 minutes, it dumped 5% directly. Trading volume spiked to 4x, and OI simultaneously fell by nearly 3%, with notional down by over 2 million U. Price down + positions down—this is the classic chain-reaction liquidation of long positions, not the kind where new shorts just enter.
The OI abnormal percentile is literally topped out at 100%, ranking 4th across the whole pool. In the past 24 hours, turnover is still 142 million, and it’s also a fairly active, noteworthy target within the pool. Aggressive volume is worse by -11.6%, buy/sell ratio is 0.79—selling pressure is definitely heavier.
This instrument itself is already sitting in the historical extreme range. Across multiple consecutive cycles, OI has remained abnormally elevated, and the depth has been confirmed as well. At this kind of level, things are most likely to go wrong—once leverage blows up, it triggers a chain reaction.
Right now, we haven’t seen any confirmation of absorption in this structure. Don’t rush to copy the trade—wait for the OI to stabilize before making a move.