$STRK This drop is pretty interesting.
Price fell 1.79%, but OI actually rose—15m +0.15%, 1h +0.11%. Notional change was negative (-611K). What does that mean? New leveraged shorts are entering, rather than longs getting liquidated and driving the price down.
The close broke below the lower bound of the range from the last 20 5m candles. Aggressive trade flow was -6.1%, and the buy/sell ratio was 0.88, so the selling pressure is real. The funding rate is still in a high percentile relative to recent levels. Shorts are paying a hefty cost, but they’re still adding to their positions.
Ranked #31 for anomalies across the whole pool and #9 for notional change. It’s not the most explosive setup, but the bearish structure is clear: new shorts, a breakdown, and seller dominance—all three signals are lining up.
24h trading volume is 440M, so liquidity is sufficient; this isn’t the kind of market that vanishes after a single wick. Keep watching to see whether price can reclaim the lower bound. If it can’t, these new shorts could be in for a profit.
Price fell 1.79%, but OI actually rose—15m +0.15%, 1h +0.11%. Notional change was negative (-611K). What does that mean? New leveraged shorts are entering, rather than longs getting liquidated and driving the price down.
The close broke below the lower bound of the range from the last 20 5m candles. Aggressive trade flow was -6.1%, and the buy/sell ratio was 0.88, so the selling pressure is real. The funding rate is still in a high percentile relative to recent levels. Shorts are paying a hefty cost, but they’re still adding to their positions.
Ranked #31 for anomalies across the whole pool and #9 for notional change. It’s not the most explosive setup, but the bearish structure is clear: new shorts, a breakdown, and seller dominance—all three signals are lining up.
24h trading volume is 440M, so liquidity is sufficient; this isn’t the kind of market that vanishes after a single wick. Keep watching to see whether price can reclaim the lower bound. If it can’t, these new shorts could be in for a profit.