$STRK This 15-minute candle is pretty brutal. A 2.27% drop isn’t extreme, but OI fell along with it—down 1.82% over 15m and 2.28% over 1h—so this isn’t just a sell-off; longs are getting forced out.
The taker flow imbalance is -15.3%, the buy/sell ratio is 0.73, and volume is up to 2.55x. Funding is also sitting near a recent high, suggesting the crowd of leveraged longs from earlier is now hitting stops in a fairly concentrated wave. The OI anomaly percentile has reached 99%, ranking #5 across the entire pool. Several consecutive periods of deleveraging make this setup more worth watching than a simple dip.
This isn’t the time to call a bottom. First, watch for OI to stop falling.
The taker flow imbalance is -15.3%, the buy/sell ratio is 0.73, and volume is up to 2.55x. Funding is also sitting near a recent high, suggesting the crowd of leveraged longs from earlier is now hitting stops in a fairly concentrated wave. The OI anomaly percentile has reached 99%, ranking #5 across the entire pool. Several consecutive periods of deleveraging make this setup more worth watching than a simple dip.
This isn’t the time to call a bottom. First, watch for OI to stop falling.
