$BCH This dip isn’t that violent, but the positioning data is quite interesting—while price drops, OI follows, and the notional reduced by nearly 6 million U. This is classic deleveraging, not a case of new shorts opening to smash the market. The主动 buy-sell ratio is 0.58, with sell pressure heavier, but it feels more like longs themselves are pulling away the ladder.
The 15m just broke below the recent 20 5m lows. The Z value is 2.11, and volume is 1.49x—not panic, more like a clean slip downward. The pool’s OI abnormal percentile is 94.4%; the notional change ranks in the top three as well, suggesting this isn’t just about BCH alone. But at this BCH level, it’s pretty close to the historical extreme zone.
In the past 24h, there’s still 650 million U in trading volume propping things up for now—no sign we’ve reached the stage of nobody stepping in. Going forward, watch two things: whether OI can hold steady without continuing to fall, and whether the sell orders can be kept up in one push. If OI keeps shrinking while price holds sideways, then the washout is probably about done; but if OI shrinks and price keeps sliding down, that’s when it’s really that nobody wants to take the bid.
The 15m just broke below the recent 20 5m lows. The Z value is 2.11, and volume is 1.49x—not panic, more like a clean slip downward. The pool’s OI abnormal percentile is 94.4%; the notional change ranks in the top three as well, suggesting this isn’t just about BCH alone. But at this BCH level, it’s pretty close to the historical extreme zone.
In the past 24h, there’s still 650 million U in trading volume propping things up for now—no sign we’ve reached the stage of nobody stepping in. Going forward, watch two things: whether OI can hold steady without continuing to fall, and whether the sell orders can be kept up in one push. If OI keeps shrinking while price holds sideways, then the washout is probably about done; but if OI shrinks and price keeps sliding down, that’s when it’s really that nobody wants to take the bid.