$VELVET This 15m just directly dropped 7 points, volume is up to 2.2x, and the aggressive/initiating buy-sell difference is -11.2%. The buy-sell ratio is 0.80. The order book clearly shows sell pressure pressing down with aggressive selling.
But what’s really worth watching is the OI— the 15m contract is -1.01%, 1h is -1.12%, and the notional change is -8% to -10%. Price is down while OI is also falling. This isn’t new shorts rushing in; it looks more like longs de-leveraging and a chain of stop-outs being triggered. Positions are shrinking, not the counterparty piling on.
It also closed below the lower edge of the near 20 five-minute ranges. OI’s anomaly percentile is 99%, and the whole pool anomaly is #5. It continued across multiple consecutive periods, and the depth also confirmed it. The structure most afraid of is the acceleration segment before leverage is fully cleared. Don’t rush to catch it—wait for the OI to stabilize before considering anything.
But what’s really worth watching is the OI— the 15m contract is -1.01%, 1h is -1.12%, and the notional change is -8% to -10%. Price is down while OI is also falling. This isn’t new shorts rushing in; it looks more like longs de-leveraging and a chain of stop-outs being triggered. Positions are shrinking, not the counterparty piling on.
It also closed below the lower edge of the near 20 five-minute ranges. OI’s anomaly percentile is 99%, and the whole pool anomaly is #5. It continued across multiple consecutive periods, and the depth also confirmed it. The structure most afraid of is the acceleration segment before leverage is fully cleared. Don’t rush to catch it—wait for the OI to stabilize before considering anything.