PROM This spot is kind of interesting.
In 15m, it directly broke down through the low of the previous 20 5m candles. The volume surged to 2.95x, active buy-sell delta is -10%, and the buy/sell ratio is 0.82—not the kind of silent, low-volume bearish drift. There are clearly people dumping. But on the other side, OI is also falling: 15m -0.82%, 1h -0.84%, and the notional shrank by over 400k U.
Price is down while OI is down—this doesn’t look like new shorts entering. It looks more like longs are being liquidated/cleared out. Stop-losses, de-leveraging, position reduction—basically, someone can’t hold on and leaves.
What’s interesting is that the OI abnormal percentile is still at 96.2%. In the whole pool, it’s #2, and the funding rate is also in a high percentile recently. This suggests the long leverage piled up earlier is thick enough; now it’s only just beginning to loosen. If this structure continues across several cycles, it usually won’t end with a single pin-like move.
In the last 24h, trading value is a bit over 25m. Liquidity depth isn’t that thick here, so slippage in this kind of spot can get ugly. Watch first—don’t rush to catch it.
In 15m, it directly broke down through the low of the previous 20 5m candles. The volume surged to 2.95x, active buy-sell delta is -10%, and the buy/sell ratio is 0.82—not the kind of silent, low-volume bearish drift. There are clearly people dumping. But on the other side, OI is also falling: 15m -0.82%, 1h -0.84%, and the notional shrank by over 400k U.
Price is down while OI is down—this doesn’t look like new shorts entering. It looks more like longs are being liquidated/cleared out. Stop-losses, de-leveraging, position reduction—basically, someone can’t hold on and leaves.
What’s interesting is that the OI abnormal percentile is still at 96.2%. In the whole pool, it’s #2, and the funding rate is also in a high percentile recently. This suggests the long leverage piled up earlier is thick enough; now it’s only just beginning to loosen. If this structure continues across several cycles, it usually won’t end with a single pin-like move.
In the last 24h, trading value is a bit over 25m. Liquidity depth isn’t that thick here, so slippage in this kind of spot can get ugly. Watch first—don’t rush to catch it.