$MAGIC just saw a 15m candle plunge 7.93%, with volume surging to 6.75x and volatility Z at 3.06. This isn’t a slow bleed—someone is actively pushing the price down. What’s interesting is that OI is rising: 1h futures OI is up 16%, adding 3.14 million U in notional value. Price down + OI up is a classic sign of new shorts entering, not long liquidations. Aggressive trade delta is -14.8%, and the buy/sell ratio is 0.74, with sellers in control. 24h trading volume is 267 million U, so liquidity is ample. With this kind of setup, don’t rush to catch a falling knife—let the shorts play out first.