UAI has taken quite a hit in this move.
It dropped 3.72% in just 15 minutes, with volume surging to nearly 6 times its usual level and the Z-score nearing 5. More importantly, OI is also falling: -3.39% over 15 minutes and -2.98% over 1 hour, with notional changes ranking near the top. Falling prices alongside shrinking open interest is a classic sign of longs being flushed out—through stop-loss cascades or active position reductions—not new shorts pushing the price down.
The taker flow imbalance is -24.6%, and the buy/sell ratio is 0.61, showing that selling pressure is clearly outweighing buying. The OI anomaly percentile is 94.8%, ranking 5th across the entire pool—firmly in extreme territory.
I also checked the 24-hour trading volume, which is 54M, so liquidity is sufficient. With deleveraging playing out like this, don't rush to buy the dip in the short term. Wait for OI to stabilize first.
It dropped 3.72% in just 15 minutes, with volume surging to nearly 6 times its usual level and the Z-score nearing 5. More importantly, OI is also falling: -3.39% over 15 minutes and -2.98% over 1 hour, with notional changes ranking near the top. Falling prices alongside shrinking open interest is a classic sign of longs being flushed out—through stop-loss cascades or active position reductions—not new shorts pushing the price down.
The taker flow imbalance is -24.6%, and the buy/sell ratio is 0.61, showing that selling pressure is clearly outweighing buying. The OI anomaly percentile is 94.8%, ranking 5th across the entire pool—firmly in extreme territory.
I also checked the 24-hour trading volume, which is 54M, so liquidity is sufficient. With deleveraging playing out like this, don't rush to buy the dip in the short term. Wait for OI to stabilize first.