$MANTA has taken a pretty hard hit here, dropping 2.63% in just 15 minutes as trading volume surged to 4.59x. OI is falling too: 1h contracts are down 1.74%, with a notional change of -0.45%—a classic long deleveraging move, with stop-losses triggering as positions are cut.
The aggressive trade imbalance is -18.2%, and the buy/sell ratio is 0.69, so selling pressure is in control. Funding rates are still at a recent high percentile; longs had gotten too crowded, and now they’re being flushed out.
The OI anomaly percentile is 97.6%, ranking #10 across the entire pool and nearing its own historical extreme. With this kind of setup, don’t rush to buy the dip—wait for OI to stabilize first.
The aggressive trade imbalance is -18.2%, and the buy/sell ratio is 0.69, so selling pressure is in control. Funding rates are still at a recent high percentile; longs had gotten too crowded, and now they’re being flushed out.
The OI anomaly percentile is 97.6%, ranking #10 across the entire pool and nearing its own historical extreme. With this kind of setup, don’t rush to buy the dip—wait for OI to stabilize first.