VET’s leverage unwinding move by the bulls is a bit ruthless.
In 15 minutes, it dropped 1.42%, and the volume went straight up to 6x. OI fell 3.29% within an hour, with notional value running off by $320k. At the 97.8th anomalous percentile—ranked 4th in the whole pool—this kind of position contraction that continues through several consecutive cycles isn’t retail getting cut; it’s the leveraged book being cleared.
Active trade spread is -11.9%, the buy/sell ratio is 0.79, and selling pressure is dominant. The funding rate is still in the high percentile recently, which suggests the bulls were squeezed too crowded before—now it’s time to pay the debt.
Price down + OI down is a classic long-stop-loss cascade, not new shorts entering. In this structure, don’t rush to catch it—wait for OI to stabilize before taking action.
In 15 minutes, it dropped 1.42%, and the volume went straight up to 6x. OI fell 3.29% within an hour, with notional value running off by $320k. At the 97.8th anomalous percentile—ranked 4th in the whole pool—this kind of position contraction that continues through several consecutive cycles isn’t retail getting cut; it’s the leveraged book being cleared.
Active trade spread is -11.9%, the buy/sell ratio is 0.79, and selling pressure is dominant. The funding rate is still in the high percentile recently, which suggests the bulls were squeezed too crowded before—now it’s time to pay the debt.
Price down + OI down is a classic long-stop-loss cascade, not new shorts entering. In this structure, don’t rush to catch it—wait for OI to stabilize before taking action.