$RLC is down 2.42% over 15m, while volume surged to 3.04x. The active trade imbalance is -11.7%, with a buy/sell ratio of 0.79.
What’s interesting is that OI fell 1.53% in an hour, while notional volume came in at 640K U. Price down + OI down is classic long deleveraging—the signs point to stop-loss orders being triggered, not fresh shorts piling in to sell.
The close fell below the lower bound of the last 20 5m candles. This level was already right at the edge of the recent range, so it only took a slight nudge to break through.
At the 73.8th percentile for anomalies, it ranks #35 across the whole pool and #20 for notional change. Not the most extreme, but not quiet either. With 24h trading volume at 184M, a pulse like this in a market of this size suggests positions are starting to loosen up.
Now it’s a question of whether this was just a quick dip or if the market is really heading lower. Either way, a round of stops has already been cleared out.
What’s interesting is that OI fell 1.53% in an hour, while notional volume came in at 640K U. Price down + OI down is classic long deleveraging—the signs point to stop-loss orders being triggered, not fresh shorts piling in to sell.
The close fell below the lower bound of the last 20 5m candles. This level was already right at the edge of the recent range, so it only took a slight nudge to break through.
At the 73.8th percentile for anomalies, it ranks #35 across the whole pool and #20 for notional change. Not the most extreme, but not quiet either. With 24h trading volume at 184M, a pulse like this in a market of this size suggests positions are starting to loosen up.
Now it’s a question of whether this was just a quick dip or if the market is really heading lower. Either way, a round of stops has already been cleared out.