$LUNA2 This position has some real substance.
In 15m, it directly dropped by 3.16%, and the trading volume surged to 45 times the normal level—this kind of volume can’t be smashed out by retail panic alone. The key is that the price is falling while OI in 15m is still rising by 1.86%, whereas in 1h it only dips slightly by 0.30%—a typical sign of short-side adding/leveraging new positions, not a long liquidations cascade.
The OI abnormal percentile is 95.8%, the highest in the entire pool. Multiple consecutive cycles are continuing the trend: active trades are down by -11.3% with a buy-sell ratio of 0.80, and sell pressure is in control.
It’s approaching a historically extreme range. With this kind of structure, it’s either squeeze fuel after shorts become over-crowded to the max, or a continuation that breaks down further. I’m inclined to first see whether anyone can’t help but chase shorts—if OI keeps building and the price doesn’t fall, that’s the signal.
No rush to act, but with shorts piling up at a spot like this, it’s worth keeping a close eye on.
In 15m, it directly dropped by 3.16%, and the trading volume surged to 45 times the normal level—this kind of volume can’t be smashed out by retail panic alone. The key is that the price is falling while OI in 15m is still rising by 1.86%, whereas in 1h it only dips slightly by 0.30%—a typical sign of short-side adding/leveraging new positions, not a long liquidations cascade.
The OI abnormal percentile is 95.8%, the highest in the entire pool. Multiple consecutive cycles are continuing the trend: active trades are down by -11.3% with a buy-sell ratio of 0.80, and sell pressure is in control.
It’s approaching a historically extreme range. With this kind of structure, it’s either squeeze fuel after shorts become over-crowded to the max, or a continuation that breaks down further. I’m inclined to first see whether anyone can’t help but chase shorts—if OI keeps building and the price doesn’t fall, that’s the signal.
No rush to act, but with shorts piling up at a spot like this, it’s worth keeping a close eye on.