ENJ This long side cleanup is pretty thorough.
On the 15m chart, it directly dumped 2.86%. Volume hit 5x, and OI dropped by nearly 9% within an hour. Notional was cut by $640k. Price fell while positions fell—classic deleveraging. This isn’t new shorts entering; it’s people getting swept out.
Aggressive trades are down -11%, buy/sell ratio is 0.80, and sell pressure is in control. The anomaly percentile is 98%: everything ranks in the top 20 across the pool, and this continuation has held across several consecutive cycles—depth also confirmed it.
Over the last 24h, turnover is only 8.68M. The pool was never deep to begin with. In this kind of liquidity, an OI contraction at this scale won’t have good slippage.
We’re approaching the historical extreme zone, but I’m not in a hurry to buy here. Wait until OI stabilizes. Right now, it’s still in the process of offloading positions.
On the 15m chart, it directly dumped 2.86%. Volume hit 5x, and OI dropped by nearly 9% within an hour. Notional was cut by $640k. Price fell while positions fell—classic deleveraging. This isn’t new shorts entering; it’s people getting swept out.
Aggressive trades are down -11%, buy/sell ratio is 0.80, and sell pressure is in control. The anomaly percentile is 98%: everything ranks in the top 20 across the pool, and this continuation has held across several consecutive cycles—depth also confirmed it.
Over the last 24h, turnover is only 8.68M. The pool was never deep to begin with. In this kind of liquidity, an OI contraction at this scale won’t have good slippage.
We’re approaching the historical extreme zone, but I’m not in a hurry to buy here. Wait until OI stabilizes. Right now, it’s still in the process of offloading positions.