$LSK something is off a bit.
15m directly breaks below the lows of the past 20 5m candles; volume ramps up to 1.83x. Active trades differ by -29.4%, the buy/sell ratio is 0.55, and the sell pressure was genuinely hammered out.
But the strange part is that OI hasn’t moved much—over 1h it even keeps slightly decreasing. Price is falling, volume is expanding, yet leverage isn’t keeping up. This move looks more like spot is dragging the order book downward, not like shorts collectively building positions to dump.
In the liquidity pool, the 24h volume of 57M isn’t too thick but also not thin. Once it accelerates from this level, it can slide.
First, see whether the price can quickly reclaim the lower bound in this 5m range. If it can’t, below that is basically vacuum. Don’t rush to buy the dip.
15m directly breaks below the lows of the past 20 5m candles; volume ramps up to 1.83x. Active trades differ by -29.4%, the buy/sell ratio is 0.55, and the sell pressure was genuinely hammered out.
But the strange part is that OI hasn’t moved much—over 1h it even keeps slightly decreasing. Price is falling, volume is expanding, yet leverage isn’t keeping up. This move looks more like spot is dragging the order book downward, not like shorts collectively building positions to dump.
In the liquidity pool, the 24h volume of 57M isn’t too thick but also not thin. Once it accelerates from this level, it can slide.
First, see whether the price can quickly reclaim the lower bound in this 5m range. If it can’t, below that is basically vacuum. Don’t rush to buy the dip.