$MUBARAK This 15m sell-off was pretty decisive: volume surged to 7.19x, net aggressive flow was -15.6%, and the buy/sell ratio was 0.73, with sellers clearly in control.
Price broke below the low of the past 20 5m candles, alongside a slight dip in OI—down 0.19% over 15m and 0.31% over 1h, with not quite 400K U wiped from notional open interest. This looks more like longs deleveraging and getting stopped out than fresh shorts entering.
The anomaly percentile across the pool is 79.2%, and the notional change ranks #20 across the pool. 24h trading volume is still close to 20M. Both market depth and volume are there, but OI hasn't expanded along with them, suggesting positions are being trimmed in an existing-position battle.
The key question is whether this breakdown holds. With volume this high, if price can't reclaim the level, it may need to move lower to find support in the short term. With MUBARAK this volatile, shorts should also watch out for a rebound that catches them off guard.
Price broke below the low of the past 20 5m candles, alongside a slight dip in OI—down 0.19% over 15m and 0.31% over 1h, with not quite 400K U wiped from notional open interest. This looks more like longs deleveraging and getting stopped out than fresh shorts entering.
The anomaly percentile across the pool is 79.2%, and the notional change ranks #20 across the pool. 24h trading volume is still close to 20M. Both market depth and volume are there, but OI hasn't expanded along with them, suggesting positions are being trimmed in an existing-position battle.
The key question is whether this breakdown holds. With volume this high, if price can't reclaim the level, it may need to move lower to find support in the short term. With MUBARAK this volatile, shorts should also watch out for a rebound that catches them off guard.