$ESPORTS dumped 8 points in 15 minutes, with volume hitting 5x. But look at OI: down 2.2% over 15m and 2.76% over 1h, with nearly $1.5M in notional value wiped out. This is longs getting flushed out, not new shorts entering.
Price broke below the lower bound of the last 20 five-minute candles. Aggressive trade delta was -18.7%, and the buy/sell ratio was 0.68—selling pressure is real. But this kind of drop looks more like a leveraged flush. OI falling along with price means positions are shrinking, not that panic selling is piling on new positions.
It ranks #14 for anomalies across the entire pool and #9 for notional change. 24-hour trading volume is over $400M, so liquidity is fine. Wait for OI to stabilize, then see if buyers step in.
Price broke below the lower bound of the last 20 five-minute candles. Aggressive trade delta was -18.7%, and the buy/sell ratio was 0.68—selling pressure is real. But this kind of drop looks more like a leveraged flush. OI falling along with price means positions are shrinking, not that panic selling is piling on new positions.
It ranks #14 for anomalies across the entire pool and #9 for notional change. 24-hour trading volume is over $400M, so liquidity is fine. Wait for OI to stabilize, then see if buyers step in.