AVAX, this drop is pretty brutal—within 15 minutes it wiped out 1.48%. Trading volume blew up to 6.91x, the volatility Z-value is 3.50, and the pace is completely one of accelerating deleveraging.
OI 15m -1.51%, 1h -0.33%. Nominal change totals nearly $6M. Along with active transaction spread -17.6% and buy/sell ratio 0.70, the conclusion is clear: longs are getting stopped out, not buying the dip. The abnormal percentile has already reached 98.8%, and the whole pool is ranked 44. This kind of continuous position contraction doesn’t look like retail behavior.
Price is down while OI is also down—this is a classic long unwind, not new shorts entering. This structure is actually clean; only after the leverage squeeze can it be worth talking about stabilization.
$AVAX
OI 15m -1.51%, 1h -0.33%. Nominal change totals nearly $6M. Along with active transaction spread -17.6% and buy/sell ratio 0.70, the conclusion is clear: longs are getting stopped out, not buying the dip. The abnormal percentile has already reached 98.8%, and the whole pool is ranked 44. This kind of continuous position contraction doesn’t look like retail behavior.
Price is down while OI is also down—this is a classic long unwind, not new shorts entering. This structure is actually clean; only after the leverage squeeze can it be worth talking about stabilization.
$AVAX
