$BCH This 15m has something to it.
The volume directly jumped to 6.5x, yet the price only fell 0.81%. Z is 2.2—volume expansion without fully flushing out the downside. The buy-sell ratio is 0.44, with aggressive trade imbalance at -38.8%. The sell wall is clearly and unmistakably pressing down.
The OI is even more interesting: on 15m it dropped 1.87%, nominally -2M—typical of short-term longs deleveraging; but on 1h it’s still positive at +1.2%. While one side is getting liquidated, someone is catching it. OI percentile is abnormally high at 98.4%, ranking #3 across the whole pool.
Either someone is quietly building a position under the cover of this liquidity surge, or after the stop-loss orders get swept, they still want to kick it again. 24h turnover is 110M; the pool is deep enough to play with.
I’ll watch first—I won’t catch a thrown knife.
The volume directly jumped to 6.5x, yet the price only fell 0.81%. Z is 2.2—volume expansion without fully flushing out the downside. The buy-sell ratio is 0.44, with aggressive trade imbalance at -38.8%. The sell wall is clearly and unmistakably pressing down.
The OI is even more interesting: on 15m it dropped 1.87%, nominally -2M—typical of short-term longs deleveraging; but on 1h it’s still positive at +1.2%. While one side is getting liquidated, someone is catching it. OI percentile is abnormally high at 98.4%, ranking #3 across the whole pool.
Either someone is quietly building a position under the cover of this liquidity surge, or after the stop-loss orders get swept, they still want to kick it again. 24h turnover is 110M; the pool is deep enough to play with.
I’ll watch first—I won’t catch a thrown knife.
