$KMNO In the last 15 minutes, this drop was -5.52%. Volume directly surged to 2.33x, OI’s abnormal percentile is 99.4%, ranking second in the whole pool. Aggressive trading gap is -22.8%, and the buy/sell ratio is 0.63.
In plain language: the longs are being forced to deleverage with their heads pressed down. It’s not that fresh shorts came in to smash it—these are the original longs running for cover because they couldn’t hold on.
OI fell by 212K in an hour, and by 297K in 15 minutes. A few consecutive cycles have been contracting. Price is down + OI is down; any rebound from this structure will likely be weak, because there’s no fresh long capital stepping in as new buyers—this is just driven by shorts covering.
24h trading value is only 14M, and the pool itself is shallow. At this kind of level, wick spikes and sharp drops are easy to amplify. Wait until OI stabilizes and stops falling before talking about a rebound. Catching the knife now is basically lifting a sedan for the ones who are already running.
In plain language: the longs are being forced to deleverage with their heads pressed down. It’s not that fresh shorts came in to smash it—these are the original longs running for cover because they couldn’t hold on.
OI fell by 212K in an hour, and by 297K in 15 minutes. A few consecutive cycles have been contracting. Price is down + OI is down; any rebound from this structure will likely be weak, because there’s no fresh long capital stepping in as new buyers—this is just driven by shorts covering.
24h trading value is only 14M, and the pool itself is shallow. At this kind of level, wick spikes and sharp drops are easy to amplify. Wait until OI stabilizes and stops falling before talking about a rebound. Catching the knife now is basically lifting a sedan for the ones who are already running.