$BULLA That one was a bit brutal.
In 15m, it directly smashed down 3.59%. Volume surged to 3.36x the moving average. The close fell below the lower bound of the last 20 consecutive 5m candles.
Active trades are down by -7.1%, buy-sell ratio is 0.87, and sell pressure is pushing out—solidly, without any softness.
But what’s interesting is the OI: 15m -1.02%, 1h -1.80%. The notional change dropped by nearly 1 million U within an hour. Price is down, and positions are shrinking too. This doesn’t look like fresh shorts entering to press; it looks more like longs are stopping out on their own or being de-leveraged. You could call it liquidation from panic closing, too.
In the past 24h, turnover is still 231M—momentum hasn’t completely faded. OI’s abnormal percentile is 77.2%, and the notional change ranks #13 in the whole pool. When contraction happens at this kind of level, you usually have to watch out for two possibilities: either it’s a shake-out after the first wave of selling, or it’s the beginning of de-leveraging on a larger timeframe.
When it breaks below the lower end of the range, first see whether it can quickly reclaim it. If it can’t be reclaimed, don’t rush to reach in.
In 15m, it directly smashed down 3.59%. Volume surged to 3.36x the moving average. The close fell below the lower bound of the last 20 consecutive 5m candles.
Active trades are down by -7.1%, buy-sell ratio is 0.87, and sell pressure is pushing out—solidly, without any softness.
But what’s interesting is the OI: 15m -1.02%, 1h -1.80%. The notional change dropped by nearly 1 million U within an hour. Price is down, and positions are shrinking too. This doesn’t look like fresh shorts entering to press; it looks more like longs are stopping out on their own or being de-leveraged. You could call it liquidation from panic closing, too.
In the past 24h, turnover is still 231M—momentum hasn’t completely faded. OI’s abnormal percentile is 77.2%, and the notional change ranks #13 in the whole pool. When contraction happens at this kind of level, you usually have to watch out for two possibilities: either it’s a shake-out after the first wave of selling, or it’s the beginning of de-leveraging on a larger timeframe.
When it breaks below the lower end of the range, first see whether it can quickly reclaim it. If it can’t be reclaimed, don’t rush to reach in.
