$CARV : Clear signs that longs are deleveraging in this move. Price is down 1.48% over 15m, while OI has fallen 3.32% over 1h, with notional open positions shrinking by over 6%—this looks less like new shorts entering to drive the price down and more like existing longs cutting positions under pressure.
Funding rates are still in a high range relative to recent levels, and the taker buy/sell ratio is 0.72, indicating that sellers are more aggressive. Price has also reached the edge of the range. With OI anomalies at the 95th percentile and a #9 ranking across the entire pool, this pattern has persisted across multiple consecutive timeframes. Don’t rush to buy the dip in the short term; wait for OI to stabilize and funding rates to normalize before looking for signs of a bottom.
24-hour trading volume is 40M, so liquidity is adequate, but this kind of deleveraging phase can trigger sharp wicks. Manage your position size carefully.
Funding rates are still in a high range relative to recent levels, and the taker buy/sell ratio is 0.72, indicating that sellers are more aggressive. Price has also reached the edge of the range. With OI anomalies at the 95th percentile and a #9 ranking across the entire pool, this pattern has persisted across multiple consecutive timeframes. Don’t rush to buy the dip in the short term; wait for OI to stabilize and funding rates to normalize before looking for signs of a bottom.
24-hour trading volume is 40M, so liquidity is adequate, but this kind of deleveraging phase can trigger sharp wicks. Manage your position size carefully.