$UNI This 15m sell-off was pretty decisive, with volume jumping straight to 5x. The buy/sell ratio is 0.58, showing clear aggressive selling pressure.
OI is still rising while price is falling, suggesting new leveraged shorts are entering. On Binance, the 5m liquidation proxy is 156K, with liquidations concentrated on the sell side, and the funding rate is also in a high percentile recently.
The change in notional across the whole pool ranks #12, but the anomaly percentile is only 38.7%, so it’s not particularly extreme. The key is whether shorts keep adding or start covering. 24h trading volume is under 300M and depth is average, so don’t chase too aggressively.
OI is still rising while price is falling, suggesting new leveraged shorts are entering. On Binance, the 5m liquidation proxy is 156K, with liquidations concentrated on the sell side, and the funding rate is also in a high percentile recently.
The change in notional across the whole pool ranks #12, but the anomaly percentile is only 38.7%, so it’s not particularly extreme. The key is whether shorts keep adding or start covering. 24h trading volume is under 300M and depth is average, so don’t chase too aggressively.