$FOLKS 's 15m sell-off wasn't especially severe at -1.19%, but volume surged to 32.49x—that's noteworthy. 15m OI was down 1.77%, with notional down 357K. 1h OI is still positive at +4.97%, but notional is also shrinking. This is a classic long_unwind: price down + OI down, meaning longs are deleveraging or getting stopped out.
The taker flow delta was -23.8%, with a buy/sell ratio of 0.62, so selling pressure clearly dominated. OI anomaly percentile: 97%; ranked #2 across the whole pool. This has persisted over multiple timeframes, so it's unlikely to be retail traders selling on a whim—it looks more like positions are being systematically reduced.
24h trading volume is only 10.48M, and liquidity is thin. Don't rush to buy the dip during a sell-off with such an unusually large volume spike. Wait for OI to stabilize before reassessing.
The taker flow delta was -23.8%, with a buy/sell ratio of 0.62, so selling pressure clearly dominated. OI anomaly percentile: 97%; ranked #2 across the whole pool. This has persisted over multiple timeframes, so it's unlikely to be retail traders selling on a whim—it looks more like positions are being systematically reduced.
24h trading volume is only 10.48M, and liquidity is thin. Don't rush to buy the dip during a sell-off with such an unusually large volume spike. Wait for OI to stabilize before reassessing.