$AGT This drop looks pretty brutal: it plunged nearly 9% in just 15 minutes, while trading volume surged to more than 8 times normal levels. This clearly isn't an ordinary pullback. OI fell 3.57% over 15 minutes, with notional value down by 4.2M. Combined with the falling price, it looks more like longs are being flushed out, with stop-losses and deleveraging kicking in at the same time.
Interestingly, 1-hour OI is still up 6.41%, suggesting some traders had just added to their long positions before this move wiped them out. The anomaly percentile is 99.2%, ranking first across the entire pool—this kind of extreme reading usually isn't a minor blip. Aggressive trade imbalance is -5.2%, and the buy/sell ratio is 0.90, so selling pressure still has the upper hand.
24-hour trading volume is over 170 million, so liquidity isn't an issue. But be really careful about chasing longs at this level; the liquidation of leveraged positions may not be over yet. Let's see if it can stabilize first.
Interestingly, 1-hour OI is still up 6.41%, suggesting some traders had just added to their long positions before this move wiped them out. The anomaly percentile is 99.2%, ranking first across the entire pool—this kind of extreme reading usually isn't a minor blip. Aggressive trade imbalance is -5.2%, and the buy/sell ratio is 0.90, so selling pressure still has the upper hand.
24-hour trading volume is over 170 million, so liquidity isn't an issue. But be really careful about chasing longs at this level; the liquidation of leveraged positions may not be over yet. Let's see if it can stabilize first.