ETH, this move has a bit of a shakeout feel.
The price only fell 0.05%, but the 15m trading volume jumped straight to 4.23x. In the past hour, OI dropped 1.69%, with a nominal -105M. This doesn’t look like a short-side dump—it’s more like the longs ran first: stopping losses, reducing leverage, shrinking positions. A classic deleveraging script.
At the 5m level, 257K liquidations occurred, with sell-side concentration, indicating that leveraged longs were being cleared. However, active buying and selling are still hanging around 1.15, with a positive 7.1% active trade differential—someone is stepping in to buy from below.
The OI abnormal percentile is 79.4%. The abnormal ranking in the whole pool is #64, and the nominal change ranking is #2. The heat is still there; it’s just that the people with overextended positions have been asked to leave.
In the last 24h, the trading value was 8.8B, and the pool is deep enough—this level of volatility doesn’t mean much.
$ETH , let’s see whether it can regain footing after the volume contraction. The current situation is: some leverage has been flushed out, and spot is absorbing. Don’t rush to jump in—wait for OI to stabilize.
The price only fell 0.05%, but the 15m trading volume jumped straight to 4.23x. In the past hour, OI dropped 1.69%, with a nominal -105M. This doesn’t look like a short-side dump—it’s more like the longs ran first: stopping losses, reducing leverage, shrinking positions. A classic deleveraging script.
At the 5m level, 257K liquidations occurred, with sell-side concentration, indicating that leveraged longs were being cleared. However, active buying and selling are still hanging around 1.15, with a positive 7.1% active trade differential—someone is stepping in to buy from below.
The OI abnormal percentile is 79.4%. The abnormal ranking in the whole pool is #64, and the nominal change ranking is #2. The heat is still there; it’s just that the people with overextended positions have been asked to leave.
In the last 24h, the trading value was 8.8B, and the pool is deep enough—this level of volatility doesn’t mean much.
$ETH , let’s see whether it can regain footing after the volume contraction. The current situation is: some leverage has been flushed out, and spot is absorbing. Don’t rush to jump in—wait for OI to stabilize.