$TRUTH fell 2.94% over 15m, while volume shot up to 4.35x and volatility Z hit 2.86. The order book suddenly started looking off.
Interestingly, OI didn’t rise along with it: -0.11% over 15m and -0.71% over 1h. Notional flow is still net positive, and it ranks #42 among all-pool anomalies. Price down + OI down is a classic sign that this isn’t new short selling—it’s leveraged longs getting flushed out through stop-losses, position cuts, and deleveraging.
The price has already broken below the lower end of the recent 20-period range on the 5m chart. The taker trade imbalance is 21.7%, and the buy/sell ratio is 1.56, so aggressive buyers haven’t given up. With 24h trading volume at 244M, liquidity is sufficient. This looks more like a sharp flush of positions than a trend reversal.
Watch to see if it can quickly reclaim the lower boundary. If it can’t, wait for the leverage to clear out first.
Interestingly, OI didn’t rise along with it: -0.11% over 15m and -0.71% over 1h. Notional flow is still net positive, and it ranks #42 among all-pool anomalies. Price down + OI down is a classic sign that this isn’t new short selling—it’s leveraged longs getting flushed out through stop-losses, position cuts, and deleveraging.
The price has already broken below the lower end of the recent 20-period range on the 5m chart. The taker trade imbalance is 21.7%, and the buy/sell ratio is 1.56, so aggressive buyers haven’t given up. With 24h trading volume at 244M, liquidity is sufficient. This looks more like a sharp flush of positions than a trend reversal.
Watch to see if it can quickly reclaim the lower boundary. If it can’t, wait for the leverage to clear out first.