$BTW This drop is getting interesting. The 15m candle broke straight below the lows of nearly 20 recent 5m candles, volume jumped to 1.98x, the buy/sell ratio is 0.87, and the taker trade imbalance is -6.9%—clearly, someone is dumping.
But the key thing to watch is OI: price is falling while futures OI is rising, up 0.26% over 1h and 0.14% over 15m. The notional change is still negative (-3.74M), but combined with an anomaly rank of #70 across the whole pool and a notional change rank of #8, it strongly suggests new leveraged shorts are piling in.
This kind of setup could mean shorts are positioning early—or that someone really has spotted something. With 24h trading volume at 200 million and enough market depth, this isn't just a small-time move. Keep an eye on it, but don't rush to buy the dip.
But the key thing to watch is OI: price is falling while futures OI is rising, up 0.26% over 1h and 0.14% over 15m. The notional change is still negative (-3.74M), but combined with an anomaly rank of #70 across the whole pool and a notional change rank of #8, it strongly suggests new leveraged shorts are piling in.
This kind of setup could mean shorts are positioning early—or that someone really has spotted something. With 24h trading volume at 200 million and enough market depth, this isn't just a small-time move. Keep an eye on it, but don't rush to buy the dip.