$IDOL took a sharp drop, down 5.76% in 15m, with volume rising to 1.61x and the closing price breaking below the low of the last 20 5m candles.
But OI is actually falling: -0.19% over 15m and -0.55% over 1h, with notional value down by 1.49M. This looks more like longs deleveraging and stopping out than shorts actively driving the price down. The aggressive trade delta is -7.8%, and the buy/sell ratio is 0.86. There is selling pressure, but it isn't out of control.
24h trading volume is still 527M, and liquidity is fine. The anomaly percentile is 85.5%, ranking #7 across the full pool. At this level, don't rush to buy the dip—wait for OI to stabilize before reassessing.
But OI is actually falling: -0.19% over 15m and -0.55% over 1h, with notional value down by 1.49M. This looks more like longs deleveraging and stopping out than shorts actively driving the price down. The aggressive trade delta is -7.8%, and the buy/sell ratio is 0.86. There is selling pressure, but it isn't out of control.
24h trading volume is still 527M, and liquidity is fine. The anomaly percentile is 85.5%, ranking #7 across the full pool. At this level, don't rush to buy the dip—wait for OI to stabilize before reassessing.
