$NEAR This move is a bit interesting. In 15m, it directly drops 2.66%, volume hits 3.3 times the normal, and the price breaks below the lows of the last 20 consecutive 5m candles. The aggressive trades differential is -11.4%, buy/sell ratio 0.80—sell pressure is hitting the dump, and retail is running.
But OI hasn’t dropped. 15m +0.79%, 1h +0.80%, the percentile is abnormal at 90.1%, and the pool-wide notional change ranks #3. Price is down, OI is up, and notional is still shrinking—that’s not a long liquidations event. This is new leveraged shorts entering.
Funding rates have been in the high percentile range recently, so longs still have to pay shorts. In the last 24h, trading volume is over 1 billion RMB, depth is sufficient—this isn’t small-time action.
Across multiple consecutive cycles, it keeps continuing; pool-wide abnormality is now #6. Breakdown + high volume + high OI + negative aggressive differential—the structure is pretty complete. Don’t rush to catch the dip. First, see how far the shorts add to their position on this leg.
But OI hasn’t dropped. 15m +0.79%, 1h +0.80%, the percentile is abnormal at 90.1%, and the pool-wide notional change ranks #3. Price is down, OI is up, and notional is still shrinking—that’s not a long liquidations event. This is new leveraged shorts entering.
Funding rates have been in the high percentile range recently, so longs still have to pay shorts. In the last 24h, trading volume is over 1 billion RMB, depth is sufficient—this isn’t small-time action.
Across multiple consecutive cycles, it keeps continuing; pool-wide abnormality is now #6. Breakdown + high volume + high OI + negative aggressive differential—the structure is pretty complete. Don’t rush to catch the dip. First, see how far the shorts add to their position on this leg.
