$Bull is coming. This 15m move dumped 3.12%, with volume surging to 2.84x and a Z-score of 4.18—clearly, someone got liquidated.
OI was -0.28% over 15m and barely +0.06% over 1h, with notional still shrinking. This doesn’t look like new shorts entering; it looks more like longs deleveraging and a stop-loss cascade. Aggressive trade delta was -30.1%, and the buy/sell ratio was 0.54—the selling pressure is real.
Price broke below the lower end of the recent 20-candle 5m range, while funding is still in a recent high percentile, so a squeeze makes sense. 24h trading volume is 83M, and depth is solid. Don’t rush to catch the dip—wait for volume to taper off.
OI was -0.28% over 15m and barely +0.06% over 1h, with notional still shrinking. This doesn’t look like new shorts entering; it looks more like longs deleveraging and a stop-loss cascade. Aggressive trade delta was -30.1%, and the buy/sell ratio was 0.54—the selling pressure is real.
Price broke below the lower end of the recent 20-candle 5m range, while funding is still in a recent high percentile, so a squeeze makes sense. 24h trading volume is 83M, and depth is solid. Don’t rush to catch the dip—wait for volume to taper off.