$ZEC This 15m move is a bit interesting.
The price broke below the lower line of the last 20-ish 5m candles. Active trade volume is worse by -21.8%, buy/sell ratio is 0.64, and selling pressure is pushing. But on OI: the 15m contract is -0.10%, nominal -4.65M; the 1h nominal is -8.18M. Price down while OI down—this is a typical long de-leveraging, not shorts initiating new positions to press; it’s liquidation/position contraction by longs that’s doing the selling.
Whole-pool anomaly #5, nominal change #2; anomaly percentile 89.1%, confirmed via depth. This kind of structure usually means the drop is "passive"—no one is stepping in to take over the short; it’s just longs withdrawing themselves.
In the past 24h, traded value is still 1.26B, liquidity isn’t bad. Next, we’ll see whether OI continues to shrink or stabilizes. If it stabilizes, this de-leveraging wave may be over.
The price broke below the lower line of the last 20-ish 5m candles. Active trade volume is worse by -21.8%, buy/sell ratio is 0.64, and selling pressure is pushing. But on OI: the 15m contract is -0.10%, nominal -4.65M; the 1h nominal is -8.18M. Price down while OI down—this is a typical long de-leveraging, not shorts initiating new positions to press; it’s liquidation/position contraction by longs that’s doing the selling.
Whole-pool anomaly #5, nominal change #2; anomaly percentile 89.1%, confirmed via depth. This kind of structure usually means the drop is "passive"—no one is stepping in to take over the short; it’s just longs withdrawing themselves.
In the past 24h, traded value is still 1.26B, liquidity isn’t bad. Next, we’ll see whether OI continues to shrink or stabilizes. If it stabilizes, this de-leveraging wave may be over.