$CT — that was a pretty decisive sell-off.
Down 4.67% in 15m, with volume surging to 4.31x. OI fell 6.48% over 15m and 7.58% over 1h, while notional dropped by 1.25M. This wasn’t driven by fresh shorts piling in; longs were closing out on their own—whether via stop-losses or position cuts, leverage was coming off either way.
Aggressive trade delta was -14.1%, and the buy/sell ratio was 0.75, with sellers in control. The OI anomaly percentile was 99.2%, the highest in the entire pool—an extreme reading like this is rare.
Price down + OI down: a classic long-deleveraging setup. Moves like this often don’t play out all at once; the deleveraging process can be choppy, so don’t rush to buy the dip.
Down 4.67% in 15m, with volume surging to 4.31x. OI fell 6.48% over 15m and 7.58% over 1h, while notional dropped by 1.25M. This wasn’t driven by fresh shorts piling in; longs were closing out on their own—whether via stop-losses or position cuts, leverage was coming off either way.
Aggressive trade delta was -14.1%, and the buy/sell ratio was 0.75, with sellers in control. The OI anomaly percentile was 99.2%, the highest in the entire pool—an extreme reading like this is rare.
Price down + OI down: a classic long-deleveraging setup. Moves like this often don’t play out all at once; the deleveraging process can be choppy, so don’t rush to buy the dip.