$BCH This move seems a bit off. The price is down 0.72%, yet the volume has surged to 4.58x. The buy-sell ratio is 0.43, and there’s a heavy active sell pressure. More importantly, OI is still rising—15m +0.08%, 1h +0.19%—but nominally it’s negative: positions are being added while the money is shrinking. This looks like new short leverage entering, not old positions being closed.
After breaking below the lower bound of the recent 20-5m range, the abnormal percentile is 87.3%, and the whole pool ranks at #14. If it can’t reclaim this level, there may be another leg lower. Keep an eye on it.
After breaking below the lower bound of the recent 20-5m range, the abnormal percentile is 87.3%, and the whole pool ranks at #14. If it can’t reclaim this level, there may be another leg lower. Keep an eye on it.