$A dropped 1.39% in 15 minutes, with volume surging to 4.76x. OI fell nearly 3% in an hour, and notional value shrank by over 330,000 U. Price fell and open interest contracted—a classic sign that this isn’t new shorts piling in to drive the price down, but longs pulling out on their own: stop-losses, deleveraging, and position reductions. Aggressive trade flow was -36.5%, and the buy/sell ratio was 0.46, indicating that sellers were more aggressive. This structure is a bit cleaner than a pure sell-off. Let’s see if the price can hold after the leverage flush.