$PHA This drop wasn’t created by shorts smashing the market; it’s more like longs withdrawing on their own first.
On 15m: down 1.26%, volume 1.72x, passive trades vs. active trades difference -44.2%, buy/sell ratio 0.39. — The close fell below the lower edge of the recent range across nearly 20 consecutive 5m K bars, but OI is falling at the same time: 15m -0.58%, 1h -1.47%, with notional value shrinking by nearly 3.6%.
Price is down, positions are being reduced, and active selling is dominant—this is a typical long deleveraging/stop-out exit, not new shorts entering.
Over the past 24h, there’s still 52.92M in trading value propping things up. The abnormal percentile is 82.3%, ranking it #18 in the whole pool. This signal is worth watching to see whether someone steps in later.
On 15m: down 1.26%, volume 1.72x, passive trades vs. active trades difference -44.2%, buy/sell ratio 0.39. — The close fell below the lower edge of the recent range across nearly 20 consecutive 5m K bars, but OI is falling at the same time: 15m -0.58%, 1h -1.47%, with notional value shrinking by nearly 3.6%.
Price is down, positions are being reduced, and active selling is dominant—this is a typical long deleveraging/stop-out exit, not new shorts entering.
Over the past 24h, there’s still 52.92M in trading value propping things up. The abnormal percentile is 82.3%, ranking it #18 in the whole pool. This signal is worth watching to see whether someone steps in later.