$Lobster: In this 15-minute window, it dropped directly by 15 points. The trade surge hit 4.37x, with a Z-score of 3.56. OI simultaneously fell by 1.51%, while notional moved 4.62M. On the 1h timeframe, OI is down 6.8%, and the notional change is -15.22%. A typical leveraged long position got swept—not the shorts dumping the market; it was the longs themselves triggering a cascade.
Active trade imbalance is -10.8%, buy/sell ratio is 0.81, with sustained selling pressure. The pool’s entire distribution percentile is an abnormal 98.4%, and the notional change ranks 4th. 24h trading value is 799.55M—liquidity is sufficient, but it also means once it starts running, it can move out smoothly. Multiple consecutive periods continued, with the OI abnormality staying in place throughout. It’s nearing the historical extreme range.
Don’t rush to bottom-fish. Before deleveraging is finished, catching the falling knife is basically fuel for the next round of stop-losses.
Active trade imbalance is -10.8%, buy/sell ratio is 0.81, with sustained selling pressure. The pool’s entire distribution percentile is an abnormal 98.4%, and the notional change ranks 4th. 24h trading value is 799.55M—liquidity is sufficient, but it also means once it starts running, it can move out smoothly. Multiple consecutive periods continued, with the OI abnormality staying in place throughout. It’s nearing the historical extreme range.
Don’t rush to bottom-fish. Before deleveraging is finished, catching the falling knife is basically fuel for the next round of stop-losses.