$MUBARAK This drop is a bit brutal—on the 15m chart it directly plunged by 2.09%. Volume hit 4.58x, the buy/sell ratio is 0.53, and aggressive volume difference is -30.6%. Clearly, someone is distributing.
More importantly, OI is falling. On 15m: -1.44%, on 1h: -1.19%. The notional change is hovering around -700K. The price is down while OI is also down—this looks more like longs de-leveraging, stop-outs, or positions being reduced, rather than new shorts entering to smash the price. Abnormal percentile is 84.7%, the whole pool is #55, notional change is #25—this move isn’t small within the pool.
It has already broken below the lower edge of the past ~20 5m K-bar range, so the short-term structure is broken. In the last 24h, trading value is still 109M—liquidity is temporarily sufficient—but don’t rush to bottom-fish in a de-leveraging trend. Wait until OI stabilizes before talking.
Just watch for now—no catching the knife.
More importantly, OI is falling. On 15m: -1.44%, on 1h: -1.19%. The notional change is hovering around -700K. The price is down while OI is also down—this looks more like longs de-leveraging, stop-outs, or positions being reduced, rather than new shorts entering to smash the price. Abnormal percentile is 84.7%, the whole pool is #55, notional change is #25—this move isn’t small within the pool.
It has already broken below the lower edge of the past ~20 5m K-bar range, so the short-term structure is broken. In the last 24h, trading value is still 109M—liquidity is temporarily sufficient—but don’t rush to bottom-fish in a de-leveraging trend. Wait until OI stabilizes before talking.
Just watch for now—no catching the knife.