$AGT has dropped pretty sharply here—down over 3% in just 15 minutes, with volume nearly three times the usual level. Panic sellers and stop-losses may both be coming out at once.
OI fell nearly 5% over 15 minutes, shedding over 2M in notional value, and it’s also contracting over the hour. A classic case of “falling and selling”—longs are getting liquidated. The anomaly percentile hit 97.6%, the highest across the entire pool; this is about as extreme as it gets. Funding rates were at a high percentile before, and now all I can say is: what’s owed still has to be paid back.
24-hour trading volume is 22M, and depth looks decent; there’s no sign of a liquidity drain like you’d see in a crash. The buy/sell ratio is 1.20, with a 9% imbalance in aggressive trades—there are buyers stepping in short term, but the uptrend in longs has been disrupted. Don’t rush in to play the hero.
The bulls are running out of time.
OI fell nearly 5% over 15 minutes, shedding over 2M in notional value, and it’s also contracting over the hour. A classic case of “falling and selling”—longs are getting liquidated. The anomaly percentile hit 97.6%, the highest across the entire pool; this is about as extreme as it gets. Funding rates were at a high percentile before, and now all I can say is: what’s owed still has to be paid back.
24-hour trading volume is 22M, and depth looks decent; there’s no sign of a liquidity drain like you’d see in a crash. The buy/sell ratio is 1.20, with a 9% imbalance in aggressive trades—there are buyers stepping in short term, but the uptrend in longs has been disrupted. Don’t rush in to play the hero.
The bulls are running out of time.