$FLOCK This spot is a bit interesting: the price is down 2.74%, but OI is rising—both the 15m and 1h are +0.61%, while the nominal change is negative, -84K and -152K.
A new leveraged short position has entered; it’s not closing longs.
95.6th percentile, whole pool anomaly #4: volume is 3.45x, and Z-score is 3.48. The close has already broken below the lower band of the last ~20 5m candles.
There’s still about 3% of “aggressive” volume skewed toward buys—buy/sell ratio is 1.06—suggesting someone is catching bids below, but price still hasn’t been held up.
In the last 24h, turnover is only 18M and the pool isn’t deep. If these OI spikes continue for several cycles like this, it could mean shorts are building a position to hit a wave—or someone is deliberately creating pressure to accumulate.
I lean toward first watching whether the 5m can reclaim the range. If it can’t, then it’s true short-side dominance. Don’t rush to bottom-fish.
A new leveraged short position has entered; it’s not closing longs.
95.6th percentile, whole pool anomaly #4: volume is 3.45x, and Z-score is 3.48. The close has already broken below the lower band of the last ~20 5m candles.
There’s still about 3% of “aggressive” volume skewed toward buys—buy/sell ratio is 1.06—suggesting someone is catching bids below, but price still hasn’t been held up.
In the last 24h, turnover is only 18M and the pool isn’t deep. If these OI spikes continue for several cycles like this, it could mean shorts are building a position to hit a wave—or someone is deliberately creating pressure to accumulate.
I lean toward first watching whether the 5m can reclaim the range. If it can’t, then it’s true short-side dominance. Don’t rush to bottom-fish.