$APR 's 15-minute candle dropped sharply and decisively, down 8.51%, with volume surging to 3 times normal. But what's more interesting is OI: down 1.72% over 15 minutes and 2.71% over 1 hour, with notional value falling by 1.45M. That's a classic price-down, open-interest-down move: longs are being liquidated or actively cutting positions, rather than new shorts entering to drive the price lower. OI's anomaly percentile is 94.8%, ranking in the top nine across the entire pool—this level of deleveraging has been uncommon lately. Aggressive trade delta is -9.8%, and the buy/sell ratio is 0.82, so selling pressure is clearly dominant. But since positions are shrinking, this looks like leverage being flushed out rather than simple panic selling. The 24-hour trading volume is 419 million, so liquidity is deep enough. At this level, I'd focus on whether OI can stabilize going forward; only then can we talk about the price finding a bottom.