$STRK This drop is interesting: price fell 1.39%, volume expanded to 2.06x, but OI declined instead of rising—the 15m contracts dipped slightly, while 1h notional fell by over 500K.
This doesn't look like new shorts entering and driving the price down; it looks more like bulls couldn't hold on and deleveraged. The buy/sell ratio is 0.38, and the taker volume delta is -45%, with clear selling pressure. Price has also broken below the lower bound of the most recent 20 5m candles, so the short-term structure has deteriorated.
The OI anomaly percentile is 91.3%, ranking #31 across the entire pool, which means this signal stands out. With OI shrinking as price falls, first see whether it can stabilize lower down—don't rush to buy the dip.
This doesn't look like new shorts entering and driving the price down; it looks more like bulls couldn't hold on and deleveraged. The buy/sell ratio is 0.38, and the taker volume delta is -45%, with clear selling pressure. Price has also broken below the lower bound of the most recent 20 5m candles, so the short-term structure has deteriorated.
The OI anomaly percentile is 91.3%, ranking #31 across the entire pool, which means this signal stands out. With OI shrinking as price falls, first see whether it can stabilize lower down—don't rush to buy the dip.