$US This sell-off is pretty brutal. It plunged 6.65% in 15m, with volume surging to 1.84x and a Z-score of 3.08—clearly not just retail investors selling. It closed below the lower bound of the recent 20-candle 5m range. Taker flow was -28.3%, and the buy/sell ratio was 0.56, with sellers firmly in control.
OI rose 0.55% over 15m and 1.08% over 1h, with an anomaly percentile of 96.8%—ranked #3 across the entire pool. Price is falling while OI is rising, so this isn't longs closing; leveraged shorts are entering.
There's still $99.7M in 24h trading volume, so liquidity isn't lacking. It's near an extreme range, and the whole market is watching. Don't rush to catch a falling knife.
OI rose 0.55% over 15m and 1.08% over 1h, with an anomaly percentile of 96.8%—ranked #3 across the entire pool. Price is falling while OI is rising, so this isn't longs closing; leveraged shorts are entering.
There's still $99.7M in 24h trading volume, so liquidity isn't lacking. It's near an extreme range, and the whole market is watching. Don't rush to catch a falling knife.