$PROM This drop is quite decisive—on the 15m chart it’s directly -2.51%. Trading volume surged to 3.31x, and the active buy/sell ratio is 0.62, with sell pressure clearly stronger. But what’s interesting is that OI is also dropping in sync—15m -0.61%, 1h -1.34%, and the notional shrank by nearly 1 million U. Price is down while positions are shrinking; this combination looks more like longs cutting losses and exiting, not fresh shorts coming in to smash the market. The funding rate is still in a high percentile recently; leverage got squeezed too far, and now liquidation is triggering a chain reaction. The price has just broken below the lower bound of the recent ~20 5m candles, and it’s been confirmed in depth. Across the whole pool, OI is at an abnormal percentile of 97.6%, ranking third. In this kind of structure, don’t rush to bottom-fish—wait for OI to stabilize. As long as deleveraging hasn’t finished, catching the falling knife may hurt your hands.