USELESS is down 2.92% over 15m, with volume surging to 3.87x. The taker volume delta is -36.7% and the buy/sell ratio is 0.46, making the selling pressure clear. But more interestingly, OI is also falling in sync—down 1.23% over 15m and 1.34% over 1h, with notional exposure dropping by over 300K U. Its anomaly percentile is 99.6%, ranking third across the entire pool. Price down + OI down is classic long deleveraging: stop-losses and position reductions are happening at the same time, rather than new shorts entering. The close has already broken below the lower end of the recent 5m range spanning nearly 20 candles, and it's right up against a historically extreme range. Don't rush to catch the dip here—wait until the leverage flush is over.
