NEAR This wave of 15m directly dropped 1.63%. Volume surged to 3.53x, Z value is 3.72—clearly not a normal pullback.

OI on 15m fell 1.61%, nominal -8.98M; on 1h it’s also -1.54%. Both cycles show consecutive contraction. Price is down while OI is down—this is classic long deleveraging, with stop-loss orders running.

The abnormal percentile is 100%. The whole pool of #2 isn’t there for nothing. The aggressive trade imbalance is -23.7%, buy/sell ratio is 0.62, and sell pressure is clearly dominating.

In the last 24h, turnover is 1.057 billion. There is volume, but the direction isn’t quite right. This kind of structure is either a washout before continuing, or the starting point of a trend weakening. First, see if it can reclaim the level.