$HYPE This latest 15m candle is interesting—the price fell 0.67%, but volume jumped to 2.29x, and the close broke below the lows of nearly 20 recent 5m candles.
The key is OI: 1h notional dropped by 2.18M while the price was also falling—a classic sign of fresh shorts entering. Taker flow delta was -16.5%, and the buy/sell ratio was 0.72, showing that selling pressure is more aggressive.
The funding rate is still in a high percentile relative to recent levels. Shorts entering here are either convinced this support won't hold, or they're giving longs fuel. The notional change ranks #17 across the entire pool, with depth confirming the move—this isn't just a minor fluctuation.
Watch whether price can quickly reclaim this level. If it can't, there may be another leg down.
The key is OI: 1h notional dropped by 2.18M while the price was also falling—a classic sign of fresh shorts entering. Taker flow delta was -16.5%, and the buy/sell ratio was 0.72, showing that selling pressure is more aggressive.
The funding rate is still in a high percentile relative to recent levels. Shorts entering here are either convinced this support won't hold, or they're giving longs fuel. The notional change ranks #17 across the entire pool, with depth confirming the move—this isn't just a minor fluctuation.
Watch whether price can quickly reclaim this level. If it can't, there may be another leg down.