GTC’s drop isn’t that steep—just 2.42%—but positions are unwinding faster than the price is falling. OI is still holding up on the 1h, but it’s already down 1.62% on the 15m, with notional open interest shrinking by 331K. Typical pattern: whichever side can’t hold on bails first.
The taker flow imbalance is extremely negative at -10.1%, and the buy/sell ratio is 0.82. There’s no one stepping in to catch it. Price is hugging the bottom of the range—not a breakdown, just someone giving in and getting out early.
This setup isn’t new: a long liquidation cascade. Wait for OI to stabilize before taking another look. Getting in now is like jumping without a parachute. $GTC
The taker flow imbalance is extremely negative at -10.1%, and the buy/sell ratio is 0.82. There’s no one stepping in to catch it. Price is hugging the bottom of the range—not a breakdown, just someone giving in and getting out early.
This setup isn’t new: a long liquidation cascade. Wait for OI to stabilize before taking another look. Getting in now is like jumping without a parachute. $GTC
