$BR This position is a bit interesting.
In 15m, it directly broke below the lower end of the last 20+ 5m candles, yet the trading volume is more than 3 times the normal level. The aggressive order imbalance is -18.6%, and the buy-sell ratio is 0.69—sell pressure is hammering it down, but OI is not only not increasing; it’s actually falling. Over 1h, the contracts saw a nominal drop of 1.79%.
This doesn’t look like a brand-new short entering; it’s more like the longs are de-leveraging themselves. Stop-losses, position reductions, conceding—shedding chips all the way down.
The percentile is abnormally high at 93.3%, ranking 6th in the whole pool. The nominal change is also squeezed into the top 40. The heat is certainly there, but this kind of heat isn’t a celebration—it tastes like liquidation.
I’m not buying in now. I’ll wait until it flushes the leverage completely and see if anyone is willing to rebuild positions at a lower level. The late stage of a sharp drop that de-leverages is often more attractive than the very first spike.
In 15m, it directly broke below the lower end of the last 20+ 5m candles, yet the trading volume is more than 3 times the normal level. The aggressive order imbalance is -18.6%, and the buy-sell ratio is 0.69—sell pressure is hammering it down, but OI is not only not increasing; it’s actually falling. Over 1h, the contracts saw a nominal drop of 1.79%.
This doesn’t look like a brand-new short entering; it’s more like the longs are de-leveraging themselves. Stop-losses, position reductions, conceding—shedding chips all the way down.
The percentile is abnormally high at 93.3%, ranking 6th in the whole pool. The nominal change is also squeezed into the top 40. The heat is certainly there, but this kind of heat isn’t a celebration—it tastes like liquidation.
I’m not buying in now. I’ll wait until it flushes the leverage completely and see if anyone is willing to rebuild positions at a lower level. The late stage of a sharp drop that de-leverages is often more attractive than the very first spike.