$CFX This order book has something going on. The price dropped 1.86% on the 15m, but OI is surging — 15m contracts +3.55%, 1h straight +4.00%, and notional change brought in 1.24M USDT in just one hour.
Price down, positions up. This isn’t closing positions; someone is adding leverage to short. And this isn’t small-scale either: OI anomaly percentile is 92.9%, ranking #14 in the entire pool, notional change ranks #10, it has been extending across multiple cycles, and funding rates have also spiked to a recent high percentile.
Active trading difference is -1.4%, buy/sell ratio is 0.97, and selling pressure is continuing to weigh on it. 24h trading volume is 330 million, so liquidity is sufficient, but this kind of divergence between OI and price often signals an impending move — either shorts keep adding and push it down further, or a single spike wipes out the leveraged shorts.
An anomaly at the 92.9 percentile is not something to take lightly. Keep a close eye on it.
Price down, positions up. This isn’t closing positions; someone is adding leverage to short. And this isn’t small-scale either: OI anomaly percentile is 92.9%, ranking #14 in the entire pool, notional change ranks #10, it has been extending across multiple cycles, and funding rates have also spiked to a recent high percentile.
Active trading difference is -1.4%, buy/sell ratio is 0.97, and selling pressure is continuing to weigh on it. 24h trading volume is 330 million, so liquidity is sufficient, but this kind of divergence between OI and price often signals an impending move — either shorts keep adding and push it down further, or a single spike wipes out the leveraged shorts.
An anomaly at the 92.9 percentile is not something to take lightly. Keep a close eye on it.