$FLOW This drop wasn’t that abrupt, but positions unwound pretty quickly.
Over the past 15m, it fell another 1.24%, with volume surging to 2.42x normal. The active buy/sell ratio was only 0.54, clearly showing sellers in control. What’s more notable is OI: 1h contracts dropped 2.48%, notional value decreased by 170k U, and 15m was shrinking in sync as well. Price down + OI down means this isn’t new shorts entering; it’s longs deleveraging, cutting positions, and getting stopped out.
The abnormal OI percentile has already hit 98%, ranking 4th in the entire pool, and this kind of anomaly has persisted across multiple cycles. With this structure, either price has reached a bottom and will move sideways to digest, or leverage still hasn’t been fully flushed out and there may be another downside test ahead. FLOW is also already near a historical extreme zone at this level, so don’t rush to catch it; wait until OI stabilizes first.
Over the past 15m, it fell another 1.24%, with volume surging to 2.42x normal. The active buy/sell ratio was only 0.54, clearly showing sellers in control. What’s more notable is OI: 1h contracts dropped 2.48%, notional value decreased by 170k U, and 15m was shrinking in sync as well. Price down + OI down means this isn’t new shorts entering; it’s longs deleveraging, cutting positions, and getting stopped out.
The abnormal OI percentile has already hit 98%, ranking 4th in the entire pool, and this kind of anomaly has persisted across multiple cycles. With this structure, either price has reached a bottom and will move sideways to digest, or leverage still hasn’t been fully flushed out and there may be another downside test ahead. FLOW is also already near a historical extreme zone at this level, so don’t rush to catch it; wait until OI stabilizes first.