$MOVR This wave of decline is 1.6%, and the volume has surged by 2x. But interestingly, the OI is dropping in sync—15m -2.1%, 1h -2.4%.
This isn’t a new wave of shorts entering; it’s more like longs are backing out. Active trade flow is down by -17.1%, the buy/sell ratio is 0.71—selling pressure is more aggressive—but the price hasn’t collapsed. It feels like someone is backing away while still trading.
In terms of overall pool notional change, it ranks at #18. The OI abnormal percentile is 64.5%—not extreme. But combined with the volume, this suggests the deleveraging by longs at this level hasn’t completely finished.
Let’s watch first. No rush to jump in.
This isn’t a new wave of shorts entering; it’s more like longs are backing out. Active trade flow is down by -17.1%, the buy/sell ratio is 0.71—selling pressure is more aggressive—but the price hasn’t collapsed. It feels like someone is backing away while still trading.
In terms of overall pool notional change, it ranks at #18. The OI abnormal percentile is 64.5%—not extreme. But combined with the volume, this suggests the deleveraging by longs at this level hasn’t completely finished.
Let’s watch first. No rush to jump in.
