$BULLA got hit hard over 15m, down 10%, with volume up to 2.5x. But look at OI: down nearly 2% over 15m and 4.3% over 1h, with nearly $3M in notional wiped out. Price down + OI down is classic long deleveraging—not new shorts piling in to drive it lower, but leveraged longs unable to hold on and getting flushed out.
OI anomaly percentile is 99%, the highest across the entire pool. Notional change is also ranked first, and OI has been contracting over several consecutive periods. With this kind of setup, it often doesn't end with just one sharp drop—the position unwind is still continuing.
However, the taker flow imbalance is +7.2%, with a buy/sell ratio of 1.15. Buyers are still stepping in despite the sell-off. Either someone is buying the dip, or short covering is pushing the price up. 24h trading volume is nearly $300M, so liquidity is decent, but be careful chasing shorts at this level in case of a bounce. And if you're looking to go long, it's better to wait for OI to stabilize first.
OI anomaly percentile is 99%, the highest across the entire pool. Notional change is also ranked first, and OI has been contracting over several consecutive periods. With this kind of setup, it often doesn't end with just one sharp drop—the position unwind is still continuing.
However, the taker flow imbalance is +7.2%, with a buy/sell ratio of 1.15. Buyers are still stepping in despite the sell-off. Either someone is buying the dip, or short covering is pushing the price up. 24h trading volume is nearly $300M, so liquidity is decent, but be careful chasing shorts at this level in case of a bounce. And if you're looking to go long, it's better to wait for OI to stabilize first.