$LDO That hit a bit hard.
On the 15m chart, it dropped straight down by 1.67%; the trading volume surged to more than 3 times the usual level. The buy-sell ratio was 0.62, with clear selling pressure in control. Price broke below the lower bound of the recent ~20 5m K lines—basically puncturing that small recent range.
But what’s interesting is that OI is falling too—15m -0.23%, 1h -0.54%, with nominal reductions of a little over $400k. This looks more like longs deleveraging, with stop-losses getting swept, rather than new big shorts piling in. OI’s abnormal percentile is 93.8%, ranking #15 in the entire pool. It’s been continuing across several consecutive intervals. This kind of position-contraction rhythm is worth watching.
The funding rate is still in a high percentile recently, indicating that longs were indeed crowded earlier. Now with price down and OI down, it’s basically popping the bubble. Whether it can hold depends on whether there’s follow-through in the next half hour. Don’t rush to buy—let the bullets fly for a bit.
On the 15m chart, it dropped straight down by 1.67%; the trading volume surged to more than 3 times the usual level. The buy-sell ratio was 0.62, with clear selling pressure in control. Price broke below the lower bound of the recent ~20 5m K lines—basically puncturing that small recent range.
But what’s interesting is that OI is falling too—15m -0.23%, 1h -0.54%, with nominal reductions of a little over $400k. This looks more like longs deleveraging, with stop-losses getting swept, rather than new big shorts piling in. OI’s abnormal percentile is 93.8%, ranking #15 in the entire pool. It’s been continuing across several consecutive intervals. This kind of position-contraction rhythm is worth watching.
The funding rate is still in a high percentile recently, indicating that longs were indeed crowded earlier. Now with price down and OI down, it’s basically popping the bubble. Whether it can hold depends on whether there’s follow-through in the next half hour. Don’t rush to buy—let the bullets fly for a bit.