$POL This order book surface is a bit interesting. Prices are falling, but OI isn’t dropping—instead it’s rising. The 1h futures open interest is up 4.56%, and the 15m contract also shows an incremental increase of 3%. Clearly, someone is being persistent about dumping short positions into it; this isn’t just a simple long-squeeze liquidation.
The 15m trading volume surged to 14x immediately. The aggressive trade value difference is -24.2%, and the buy/sell ratio is 0.61—sell pressure is genuinely heavy. The whole pool’s anomaly ranks at #10, and it has continued across several consecutive intervals. This kind of structure usually doesn’t end after just one or two K-bars.
The key now isn’t to guess the bottom, but to watch when the shorts start covering. OI is still piling up, which suggests leveraged shorts are still adding. The signal that shorts are covering would be when, one day, the price stops falling but OI begins to drop. There’s no need to rush to catch a flying knife—let the bullets fly a bit longer.
The 15m trading volume surged to 14x immediately. The aggressive trade value difference is -24.2%, and the buy/sell ratio is 0.61—sell pressure is genuinely heavy. The whole pool’s anomaly ranks at #10, and it has continued across several consecutive intervals. This kind of structure usually doesn’t end after just one or two K-bars.
The key now isn’t to guess the bottom, but to watch when the shorts start covering. OI is still piling up, which suggests leveraged shorts are still adding. The signal that shorts are covering would be when, one day, the price stops falling but OI begins to drop. There’s no need to rush to catch a flying knife—let the bullets fly a bit longer.