$LINK ’s drop is getting interesting. Price is moving down, while OI is rising; it’s up 0.2% on the 15m, and the anomaly percentile has shot up to 94.8%—ranking #19 across the entire pool.
A price drop alongside rising OI is typical of new shorts entering the market, but the notional change is still negative (-628K). That suggests it’s not simply big money piling into shorts; it looks more like leveraged retail traders chasing the move.
Volume has expanded to 2.22x, the aggressive trade delta is -20%, and the buy/sell ratio is 0.67, with selling pressure in control. The 5m candle has already broken below the low of the range formed over nearly the past 20 candles.
With this kind of setup, either it’s one last bear trap, or a genuine trend is starting. Let’s see whether OI and price move in sync from here.
A price drop alongside rising OI is typical of new shorts entering the market, but the notional change is still negative (-628K). That suggests it’s not simply big money piling into shorts; it looks more like leveraged retail traders chasing the move.
Volume has expanded to 2.22x, the aggressive trade delta is -20%, and the buy/sell ratio is 0.67, with selling pressure in control. The 5m candle has already broken below the low of the range formed over nearly the past 20 candles.
With this kind of setup, either it’s one last bear trap, or a genuine trend is starting. Let’s see whether OI and price move in sync from here.