$ZEREBRO This 15m candle is pretty brutal: -5.96%, with volume surging to 4.71x, and the close also broke below the lower bound of the last 20 or so 5m candles.
But what really caught my attention wasn't the drop, it was OI: -2.81% on 15m and -3.76% on 1h, with notional shrinking by over 700k U. Price down + OI down—that's a classic long deleveraging flush, with stops getting triggered, not fresh shorts piling in to dump it. The taker flow imbalance is -24.8%, and the buy/sell ratio is 0.60, so selling pressure is clearly one-sided.
The anomaly percentile is 85.7%, ranking #20 across the whole pool and #6 for notional change; the depth confirms it. With this kind of setup, I generally don't chase shorts. Some leverage has already been washed out, so chasing here could mean getting caught in a bounce. I'll wait for volume to contract and see whether it can reclaim the lower edge of the range.
But what really caught my attention wasn't the drop, it was OI: -2.81% on 15m and -3.76% on 1h, with notional shrinking by over 700k U. Price down + OI down—that's a classic long deleveraging flush, with stops getting triggered, not fresh shorts piling in to dump it. The taker flow imbalance is -24.8%, and the buy/sell ratio is 0.60, so selling pressure is clearly one-sided.
The anomaly percentile is 85.7%, ranking #20 across the whole pool and #6 for notional change; the depth confirms it. With this kind of setup, I generally don't chase shorts. Some leverage has already been washed out, so chasing here could mean getting caught in a bounce. I'll wait for volume to contract and see whether it can reclaim the lower edge of the range.