ENA This drop is a bit brutal—on the 15m chart it directly dumped 1.74%. Volume surged to 2.5x, with a Z value of 4.26, clearly not a normal fluctuation.
The key is that OI is falling: 15m -0.37% and 1h -0.31%, with notional down by 3.5M+.
Price drops + OI falls—this is the classic long deleveraging: stops get swept, not a fresh short entry.
Now look at the aggressor trade imbalance: -29.4%, buy/sell ratio 0.55, and sell pressure is one-sided. On the 5m Binance liquidation agent at 227K, exits are concentrated on the sell side again—another familiar chain-reaction blowup.
OI abnormal percentile is 95.4%; it’s within the top 10 of the whole pool and top 4 by change in notional. Data-wise, it’s truly in an extreme range. At this spot, it’s either further continuation after the washout, or a sign of a short-term bottom—let’s see whether it can hold steady next.
$ENA
The key is that OI is falling: 15m -0.37% and 1h -0.31%, with notional down by 3.5M+.
Price drops + OI falls—this is the classic long deleveraging: stops get swept, not a fresh short entry.
Now look at the aggressor trade imbalance: -29.4%, buy/sell ratio 0.55, and sell pressure is one-sided. On the 5m Binance liquidation agent at 227K, exits are concentrated on the sell side again—another familiar chain-reaction blowup.
OI abnormal percentile is 95.4%; it’s within the top 10 of the whole pool and top 4 by change in notional. Data-wise, it’s truly in an extreme range. At this spot, it’s either further continuation after the washout, or a sign of a short-term bottom—let’s see whether it can hold steady next.
$ENA