$ZRO This sell-off is interesting: the price fell 1.38% while OI also declined, with a 1h notional change of -2%—a classic case of longs deleveraging rather than new shorts entering. Volume surged to 4.68x, the buy/sell ratio was 0.38, and the aggressive trade delta was -44.6%, showing clear seller dominance. The close fell below the lower bound of the recent 20-candle 5m range, while the OI anomaly percentile ranked at 96.6%, placing it at #43 across the entire pool. Deleveraging at such an extreme percentile often means positions are changing hands. The 24h trading volume of 40M isn't particularly large. Once depth confirms the move, I'd lean toward waiting for this wave of stop-loss selling to clear before looking for signs of stabilization—no rush to buy the dip.