$AKE This dip is pretty smooth—on the 15m chart it’s directly down -2.37%, and volume has surged to more than 2x. Aggressive buy/sell shows a spread of -13.9%, and the buy/sell ratio is 0.76. The selling-pressure direction is very clear.
But what’s interesting is the OI: on 15m, notional is -380K; on 1h, -808K. While price is falling, OI is also dropping—this isn’t new shorts entering; it looks more like longs getting liquidated and de-leveraging. The “deleveraging” flavor is stronger than a one-way short bet.
Price has already broken below the lows of the last ~20 5m candles, approaching a historically extreme zone. The OI abnormal percentile is 93.5%, and across the whole pool it’s ranked at #12. Multiple consecutive periods are continuing, and trading volume is higher than usual. This kind of structure typically isn’t something that just ends in one wave.
In the last 24h there’s still 81M in turnover, so liquidity hasn’t dried up. At this point, either this is the final washout wave, or there’s still the second half to come. Don’t rush to buy—wait until the aggressive buy/sell ratio goes back above 1 before talking.
But what’s interesting is the OI: on 15m, notional is -380K; on 1h, -808K. While price is falling, OI is also dropping—this isn’t new shorts entering; it looks more like longs getting liquidated and de-leveraging. The “deleveraging” flavor is stronger than a one-way short bet.
Price has already broken below the lows of the last ~20 5m candles, approaching a historically extreme zone. The OI abnormal percentile is 93.5%, and across the whole pool it’s ranked at #12. Multiple consecutive periods are continuing, and trading volume is higher than usual. This kind of structure typically isn’t something that just ends in one wave.
In the last 24h there’s still 81M in turnover, so liquidity hasn’t dried up. At this point, either this is the final washout wave, or there’s still the second half to come. Don’t rush to buy—wait until the aggressive buy/sell ratio goes back above 1 before talking.
