$GALA This move: 15m volume surged and then got knocked down hard. Volume reached 2.97x, but open interest didn’t keep up. On 15m, OI is -1.76%, and nominal is -3.56%.
Price is falling while OI is decreasing—this is typically not about new shorts entering. It’s that longs couldn’t hold on and got liquidated/deleveraged. Active trades are down -18.4%, buy/sell ratio is 0.69—sellers are clearly in control.
OI abnormal percentile is 97.2%, across the whole pool #2. At this level, if this kind of structure triggers, it’s not just a random jab—it's near historical extreme ranges, and several consecutive cycles have been continuing the pattern. Let’s see whether this deleveraging process can stabilize at some point. If it stabilizes, there’s a chance. If it doesn’t, then it keeps searching for liquidity lower down.
Price is falling while OI is decreasing—this is typically not about new shorts entering. It’s that longs couldn’t hold on and got liquidated/deleveraged. Active trades are down -18.4%, buy/sell ratio is 0.69—sellers are clearly in control.
OI abnormal percentile is 97.2%, across the whole pool #2. At this level, if this kind of structure triggers, it’s not just a random jab—it's near historical extreme ranges, and several consecutive cycles have been continuing the pattern. Let’s see whether this deleveraging process can stabilize at some point. If it stabilizes, there’s a chance. If it doesn’t, then it keeps searching for liquidity lower down.