This 15m candle for 1000BONK was pretty brutal: volume surged to 9.7x, while the price got slammed down 1.36% and closed below the lows of nearly 20 recent 5m candles. The taker buy/sell delta was -26.2%, and the buy/sell ratio was 0.58—clearly, sellers were in control. But OI fell at the same time, down 2.19% over 15m and 1.91% over 1h. This looks more like longs deleveraging, getting stopped out, or reducing positions—not a major push by fresh shorts.
The anomaly percentile is 99%, ranking #3 across the whole pool, and the funding rate is still in a high percentile relative to recent levels, persisting over several consecutive periods. This setup looks uncomfortable: leveraged longs are being gradually squeezed out, while the price is hovering near the edge of a historically extreme range. 24h trading volume is 24.61M, and depth confirmation is solid too. Don't rush to buy the dip—wait for this 15m candle to close and see if there's any sign of a bottom. Otherwise, there may be more room for deleveraging below.
The anomaly percentile is 99%, ranking #3 across the whole pool, and the funding rate is still in a high percentile relative to recent levels, persisting over several consecutive periods. This setup looks uncomfortable: leveraged longs are being gradually squeezed out, while the price is hovering near the edge of a historically extreme range. 24h trading volume is 24.61M, and depth confirmation is solid too. Don't rush to buy the dip—wait for this 15m candle to close and see if there's any sign of a bottom. Otherwise, there may be more room for deleveraging below.
