$INJ This one hits a bit hard.
On the 15m, just went straight in—up 2.82%, volume up to 2.99x, aggressive成交（taker）比 -33.9%, buy/sell ratio 0.49—sell orders are being dumped aggressively, not posted to scare people.
The key is that OI is dropping together. 15m contract -2.67%, 1h -3.42%, notional shrank by nearly 3.75M. Price is down + positions are being reduced. This isn’t new shorts entering—it’s longs deleveraging, cutting losses, and shrinking their exposure. Anomalous percentile is 98.8%, whole pool #6. This level of contraction hasn’t been common recently.
The close has already broken below the lower band of the last ~20 5m candles. 24h turnover is still 181M—liquidity hasn’t fled, but the direction is very clear.
Personally, I wouldn’t rush to pick it up here. When OI is still falling, the bottom often can’t be probed out by just one K line. Wait for positions to stabilize a bit, then see whether anyone is willing to go long in the extreme zone—this is more reliable than trying to guess the bottom right now.
$INJ
On the 15m, just went straight in—up 2.82%, volume up to 2.99x, aggressive成交（taker）比 -33.9%, buy/sell ratio 0.49—sell orders are being dumped aggressively, not posted to scare people.
The key is that OI is dropping together. 15m contract -2.67%, 1h -3.42%, notional shrank by nearly 3.75M. Price is down + positions are being reduced. This isn’t new shorts entering—it’s longs deleveraging, cutting losses, and shrinking their exposure. Anomalous percentile is 98.8%, whole pool #6. This level of contraction hasn’t been common recently.
The close has already broken below the lower band of the last ~20 5m candles. 24h turnover is still 181M—liquidity hasn’t fled, but the direction is very clear.
Personally, I wouldn’t rush to pick it up here. When OI is still falling, the bottom often can’t be probed out by just one K line. Wait for positions to stabilize a bit, then see whether anyone is willing to go long in the extreme zone—this is more reliable than trying to guess the bottom right now.
$INJ