$COW This bullish leverage unwind is a bit harsh.
On the 15m chart, it drops directly by 1.56%. Trading volume hits 6x the normal level, OI drops in sync by nearly 6%, and notional shrinks by 227K. Price falls + OI falls: this is a classic pattern of stop-loss / de-leveraging orders being executed, not new shorts entering to press the market.
Aggressive trade delta is -12.5%, buy/sell ratio is 0.78, with sell pressure in control. The funding rate is still in the higher range recently, OI percentile is abnormally high at 98.8%, and the entire pool’s abnormal level ranks #2—this kind of extreme condition that continues across several consecutive cycles indicates leverage has been stacked too high, and now it’s simply paying the bill.
Over the past 24h, trading value is 16.57M; the depth is sufficient, and when it drops, it drops decisively. Don’t rush to catch the dip—first, watch when OI stabilizes.
On the 15m chart, it drops directly by 1.56%. Trading volume hits 6x the normal level, OI drops in sync by nearly 6%, and notional shrinks by 227K. Price falls + OI falls: this is a classic pattern of stop-loss / de-leveraging orders being executed, not new shorts entering to press the market.
Aggressive trade delta is -12.5%, buy/sell ratio is 0.78, with sell pressure in control. The funding rate is still in the higher range recently, OI percentile is abnormally high at 98.8%, and the entire pool’s abnormal level ranks #2—this kind of extreme condition that continues across several consecutive cycles indicates leverage has been stacked too high, and now it’s simply paying the bill.
Over the past 24h, trading value is 16.57M; the depth is sufficient, and when it drops, it drops decisively. Don’t rush to catch the dip—first, watch when OI stabilizes.