$AR : This drop is pretty interesting. It fell 1.32% in 15m, with volume surging to 3.56x and a Z-score of 3.76—clearly, someone got stopped out.
But looking closely at OI, it’s down 0.42% over 15m and 0.18% over 1h. Notional exposure is shrinking across the board, so this doesn’t look like new shorts coming in; it looks more like longs couldn’t hold on and are deleveraging. The aggressive trade imbalance is -24.8%, and the buy/sell ratio is 0.60. Selling pressure is real, but positions are being reduced.
It’s at the 97th percentile for anomalies, ranked #3 across the whole pool, and has broken below the low of the last 20 five-minute candles. With this kind of setup, it could either be one final shakeout or the start of an accelerating trend. 24h trading volume is only 17.51M, so liquidity isn’t very deep—don’t get carried away.
First, see if it can reclaim this level. If not, wait for the next one.
But looking closely at OI, it’s down 0.42% over 15m and 0.18% over 1h. Notional exposure is shrinking across the board, so this doesn’t look like new shorts coming in; it looks more like longs couldn’t hold on and are deleveraging. The aggressive trade imbalance is -24.8%, and the buy/sell ratio is 0.60. Selling pressure is real, but positions are being reduced.
It’s at the 97th percentile for anomalies, ranked #3 across the whole pool, and has broken below the low of the last 20 five-minute candles. With this kind of setup, it could either be one final shakeout or the start of an accelerating trend. 24h trading volume is only 17.51M, so liquidity isn’t very deep—don’t get carried away.
First, see if it can reclaim this level. If not, wait for the next one.