JCT—this drop is a bit sudden.
On the 15m chart, it directly dumped 7.44%. Volume is 1.76x the usual level. The closing price also broke below the lower bound of the past ~20 5m candles. More importantly, look at OI: the 15m contract is -1.12%, the 1h contract is -5.50%, nominal change is -2.36M USDT, about -21.87%.
Price is falling while OI is dropping in sync. This structure doesn’t look like new shorts just entering—it looks more like longs deleveraging, stopping out, or shrinking positions. OI abnormal percentile is 97.8%, the whole-pool abnormal #2. That means this isn’t just JCT doing a little shake-up; it’s also noticeable within the entire pool.
Active trade imbalance is -6.9%, the buy/sell ratio is 0.87, and sell pressure is relatively more aggressive. Funding rate is still at a high percentile recently—earlier longs were crowded. Now unwinding happens fast.
In the last 24h, trading volume is 27.34M USDT. Liquidity depth isn’t lacking, but don’t rush to catch it at this spot. Wait for OI to stabilize and for the price to move back above the lower edge of the range. $JCT
On the 15m chart, it directly dumped 7.44%. Volume is 1.76x the usual level. The closing price also broke below the lower bound of the past ~20 5m candles. More importantly, look at OI: the 15m contract is -1.12%, the 1h contract is -5.50%, nominal change is -2.36M USDT, about -21.87%.
Price is falling while OI is dropping in sync. This structure doesn’t look like new shorts just entering—it looks more like longs deleveraging, stopping out, or shrinking positions. OI abnormal percentile is 97.8%, the whole-pool abnormal #2. That means this isn’t just JCT doing a little shake-up; it’s also noticeable within the entire pool.
Active trade imbalance is -6.9%, the buy/sell ratio is 0.87, and sell pressure is relatively more aggressive. Funding rate is still at a high percentile recently—earlier longs were crowded. Now unwinding happens fast.
In the last 24h, trading volume is 27.34M USDT. Liquidity depth isn’t lacking, but don’t rush to catch it at this spot. Wait for OI to stabilize and for the price to move back above the lower edge of the range. $JCT