$LTC This 15m move looks off. Volume surged to 8x, but the price only fell 1%. OI has dropped for two consecutive timeframes—the 1h notional is nearly 1.88M U. This looks like longs getting flushed out, not new shorts entering. Taker flow imbalance is -15%, and the buy/sell ratio is 0.74, with clear one-sided selling pressure. The 5m Binance futures liquidation proxy is 238K, with selling more concentrated; there are strong signs that stop-loss orders have been swept.
The OI anomaly percentile has hit 98.8%, ranking #5 across the entire pool. When readings stay this extreme for several consecutive periods without easing, it suggests deleveraging isn’t over yet. Price is also grinding near the lower end of its recent range. There’s not much point chasing shorts here; it’s more worth watching for support once leverage has been flushed out.
The OI anomaly percentile has hit 98.8%, ranking #5 across the entire pool. When readings stay this extreme for several consecutive periods without easing, it suggests deleveraging isn’t over yet. Price is also grinding near the lower end of its recent range. There’s not much point chasing shorts here; it’s more worth watching for support once leverage has been flushed out.