$GENIUS This round of longs de-leveraging is a bit brutal.
On the 15m chart, it directly dumped 2.62%, with volume up to 1.85x. OI fell in sync by 2.41%, and nominal value dropped by more than 500k U. Price down + OI down—this isn’t new shorts entering; it’s someone being carried out—either stopping out or actively shrinking positions.
Aggressive trades (price-driven) are down -16.7%, the buy/sell ratio is 0.71, and sell pressure is clearly one-sided. Funding rate is still in the higher percentile recently. The OI percentile is abnormal at 93.5%. Across the whole pool it ranks #16, and it has continued for several consecutive cycles. This suggests it’s not just a single needle movement—someone is continuously offloading leverage.
Over 24h, turnover is 173M. Depth is sufficient, but the direction is wrong. It’s approaching historical extreme ranges. At this level, either it gets a washout and then continues, or it marks the start of a trend reversal. Chasing longs now doesn’t offer good value; wait for OI to stabilize and funding rates to normalize before reassessing.
Let’s just watch for now. No rush to enter.
On the 15m chart, it directly dumped 2.62%, with volume up to 1.85x. OI fell in sync by 2.41%, and nominal value dropped by more than 500k U. Price down + OI down—this isn’t new shorts entering; it’s someone being carried out—either stopping out or actively shrinking positions.
Aggressive trades (price-driven) are down -16.7%, the buy/sell ratio is 0.71, and sell pressure is clearly one-sided. Funding rate is still in the higher percentile recently. The OI percentile is abnormal at 93.5%. Across the whole pool it ranks #16, and it has continued for several consecutive cycles. This suggests it’s not just a single needle movement—someone is continuously offloading leverage.
Over 24h, turnover is 173M. Depth is sufficient, but the direction is wrong. It’s approaching historical extreme ranges. At this level, either it gets a washout and then continues, or it marks the start of a trend reversal. Chasing longs now doesn’t offer good value; wait for OI to stabilize and funding rates to normalize before reassessing.
Let’s just watch for now. No rush to enter.