AIOT This long-side deleveraging wave is a bit ruthless.
On the 15m chart, it's down 3.66%. Active trade value underperforms by -17.5%, buy/sell ratio is 0.70—clearly an active sell-off. OI is -3% on the 1h timeframe and -1.91% on 15m. Price is falling while OI is dropping—this is the standard long liquidation/trim order, not a fresh short entry.
But the OI abnormal percentile is 98%, at the full pool #3, close to historical extremes. At this level, there are usually two outcomes—either the leverage gets cleaned up and then it rebounds, or there's a second wave.
The 24h trading volume is only 11.58M and liquidity isn't deep, so don't go heavy and bet on direction. $AIOT
On the 15m chart, it's down 3.66%. Active trade value underperforms by -17.5%, buy/sell ratio is 0.70—clearly an active sell-off. OI is -3% on the 1h timeframe and -1.91% on 15m. Price is falling while OI is dropping—this is the standard long liquidation/trim order, not a fresh short entry.
But the OI abnormal percentile is 98%, at the full pool #3, close to historical extremes. At this level, there are usually two outcomes—either the leverage gets cleaned up and then it rebounds, or there's a second wave.
The 24h trading volume is only 11.58M and liquidity isn't deep, so don't go heavy and bet on direction. $AIOT