$JUP : The last 15 minutes have been interesting. The price is down 0.63%, which isn't much, but trading volume has surged to 4.62x, the aggressive trade imbalance is -38.3%, and the buy/sell ratio is 0.45—clearly, someone is selling aggressively.
More importantly, OI is still rising: +1.27% over 15m and +1.62% over 1h, with an anomaly percentile of 88.3%. Price down + OI up suggests this isn't longs closing; it looks more like new shorts entering with leverage.
The close has already fallen below the lower bound of the range formed by the last 20 or so 5m candles, while the funding rate is still at a high level relative to recent readings. If this is a genuine breakout, there may be plenty of room to fall; if it's a fakeout, these shorts will be fuel for a bounce. Keep an eye on it—don't rush to buy the dip.
More importantly, OI is still rising: +1.27% over 15m and +1.62% over 1h, with an anomaly percentile of 88.3%. Price down + OI up suggests this isn't longs closing; it looks more like new shorts entering with leverage.
The close has already fallen below the lower bound of the range formed by the last 20 or so 5m candles, while the funding rate is still at a high level relative to recent readings. If this is a genuine breakout, there may be plenty of room to fall; if it's a fakeout, these shorts will be fuel for a bounce. Keep an eye on it—don't rush to buy the dip.