$HYPE This 15m move looks a bit suspicious.
Price is moving down, but OI is rising—up 0.38% over 15m and 0.36% over 1h, with a net nominal increase of over 600,000 U in the past hour. Volume hit 1.90x, taker flow was -42.2%, and the buy/sell ratio was 0.41. The selling pressure is real.
It just broke below the lows of the past 20 5m candles. This structure looks more like new shorts entering than longs getting liquidated. With 24h trading volume above 500 million and its nominal change ranking #15 across the pool, this is no small move.
Keep an eye on it: if OI keeps piling up without a price rebound, there may be more downside.
Price is moving down, but OI is rising—up 0.38% over 15m and 0.36% over 1h, with a net nominal increase of over 600,000 U in the past hour. Volume hit 1.90x, taker flow was -42.2%, and the buy/sell ratio was 0.41. The selling pressure is real.
It just broke below the lows of the past 20 5m candles. This structure looks more like new shorts entering than longs getting liquidated. With 24h trading volume above 500 million and its nominal change ranking #15 across the pool, this is no small move.
Keep an eye on it: if OI keeps piling up without a price rebound, there may be more downside.