$EVAA This selloff is pretty interesting: the price dropped 3.63% in 15 minutes, but OI fell along with it—the 1-hour contract open interest is down nearly 3%, with notional value shrinking by 1.49M. The OI anomaly percentile has surged to 94.8%, ranking sixth across the entire pool.
This is a classic long unwind: longs are getting out, either through stop-losses or by actively reducing their positions. Trading volume is 2.23x above normal, the buy/sell ratio is 0.81, and the taker flow imbalance is -10.3%. Selling pressure is persistent—it’s not just a one-off wick; it’s been going on for several consecutive periods.
The 24-hour trading volume of 67M is no small amount, and liquidity depth has been confirmed. This structure looks more like leveraged positions getting flushed out than pure spot selling. Keep an eye on whether OI can stabilize; if it can’t, there may be more downside.
This is a classic long unwind: longs are getting out, either through stop-losses or by actively reducing their positions. Trading volume is 2.23x above normal, the buy/sell ratio is 0.81, and the taker flow imbalance is -10.3%. Selling pressure is persistent—it’s not just a one-off wick; it’s been going on for several consecutive periods.
The 24-hour trading volume of 67M is no small amount, and liquidity depth has been confirmed. This structure looks more like leveraged positions getting flushed out than pure spot selling. Keep an eye on whether OI can stabilize; if it can’t, there may be more downside.