$MOVR In this 15-minute window, it directly dropped by 9 points. OI simultaneously fell by 4.46%, meaning the notional value decreased by 2.4 million U. This is a typical panic deleveraging—longs were forced out.
What’s interesting is that 1h OI is still +1.23%, so it’s not a full-scale retreat. It looks more like a concentration of short-term leveraged positions getting liquidated at once. The 15m volume is 1.88x, Z-score is 2.5, and the funding rate is still elevated in recent levels. The longs were squeezed too full beforehand.
Now the entire pool’s OI abnormal percentile is maxed out at 100%, ranking first. Note: this is an extreme reading, not a directional signal. After the drop, whether it continues to probe lower or rebounds depends on spot order flow support. 24h turnover is 72.92M, buy/sell ratio 0.94, and maker-minus-taker difference is -2.9% (active trading lagging). The sell side has a slight edge, but it isn’t out of control.
This kind of structure is usually the tail end of a leverage washout, not the start of a brand-new trend. Don’t rush in—wait for OI to stabilize.
What’s interesting is that 1h OI is still +1.23%, so it’s not a full-scale retreat. It looks more like a concentration of short-term leveraged positions getting liquidated at once. The 15m volume is 1.88x, Z-score is 2.5, and the funding rate is still elevated in recent levels. The longs were squeezed too full beforehand.
Now the entire pool’s OI abnormal percentile is maxed out at 100%, ranking first. Note: this is an extreme reading, not a directional signal. After the drop, whether it continues to probe lower or rebounds depends on spot order flow support. 24h turnover is 72.92M, buy/sell ratio 0.94, and maker-minus-taker difference is -2.9% (active trading lagging). The sell side has a slight edge, but it isn’t out of control.
This kind of structure is usually the tail end of a leverage washout, not the start of a brand-new trend. Don’t rush in—wait for OI to stabilize.