$PROM In these 15 minutes, it smashed down 11+ at a time, 36x volume, Z-score 14.8. This isn’t a normal “pin”—it’s real, people are hacking it to death.
What’s interesting is that OI dropped along with it—15m -1.98%, 1h -1.96%, nominal shrank by more than 2M. Price fell + positions decreased: a typical long deleveraging. This wasn’t new shorts entering to smash it—it’s insiders stepping on insiders. The active buy/sell ratio is 0.49, with sell pressure clearly stronger, and the close also broke below the lows of the last ~20 5m candles.
The OI abnormal percentile went all the way to 100%, ranking first in the entire pool; nominal change is third. Signals like this—“depth confirmation” stacked together—suggest it’s not retail randomly messing around, but positions concentrating their withdrawal. The funding rate is still in a high percentile recently. The prior crowding of longs was obvious; now it’s basically repayment time.
In the last 24h, turnover is only a bit over 11M. The pool wasn’t deep to begin with, and with this kind of volume, slippage can kill. It’s near the extreme historical range—don’t rush to bottom-pick. Leverage clearing often isn’t a one-shot buy/sell.
What’s interesting is that OI dropped along with it—15m -1.98%, 1h -1.96%, nominal shrank by more than 2M. Price fell + positions decreased: a typical long deleveraging. This wasn’t new shorts entering to smash it—it’s insiders stepping on insiders. The active buy/sell ratio is 0.49, with sell pressure clearly stronger, and the close also broke below the lows of the last ~20 5m candles.
The OI abnormal percentile went all the way to 100%, ranking first in the entire pool; nominal change is third. Signals like this—“depth confirmation” stacked together—suggest it’s not retail randomly messing around, but positions concentrating their withdrawal. The funding rate is still in a high percentile recently. The prior crowding of longs was obvious; now it’s basically repayment time.
In the last 24h, turnover is only a bit over 11M. The pool wasn’t deep to begin with, and with this kind of volume, slippage can kill. It’s near the extreme historical range—don’t rush to bottom-pick. Leverage clearing often isn’t a one-shot buy/sell.