$EDGE This wave of 15m dropped 1.55%. The volume directly surged to 2.53x, with a Z value of 3.02. Some people couldn’t hold on and got shaken out of the train.
The OI over the past hour is still barely holding at +0.24%, but the nominal value is down 1.39%. On the 15m chart, it already cut 155K—there’s a strong “deleveraging” flavor from the longs; stop-losses and position reductions are happening at the same time.
Price has broken below the lower bound of the last 20 5m candles. The active traded imbalance is -8.6%, the buy/sell ratio is 0.84, and sell pressure is pushing it lower. The OI is at an abnormal percentile of 94.8%, the whole pool abnormal is #12. In the last 24h, the traded value is only a bit over 11M, so liquidity isn’t thick here—at this level it’s easy to get pierced by a single needle.
Don’t rush to catch it. Wait until the OI stabilizes. If there’s really going to be a rebound, first you have to clear out this leverage wave completely.
The OI over the past hour is still barely holding at +0.24%, but the nominal value is down 1.39%. On the 15m chart, it already cut 155K—there’s a strong “deleveraging” flavor from the longs; stop-losses and position reductions are happening at the same time.
Price has broken below the lower bound of the last 20 5m candles. The active traded imbalance is -8.6%, the buy/sell ratio is 0.84, and sell pressure is pushing it lower. The OI is at an abnormal percentile of 94.8%, the whole pool abnormal is #12. In the last 24h, the traded value is only a bit over 11M, so liquidity isn’t thick here—at this level it’s easy to get pierced by a single needle.
Don’t rush to catch it. Wait until the OI stabilizes. If there’s really going to be a rebound, first you have to clear out this leverage wave completely.