$HYPE A single 15m candle plunged through the lows of nearly 20 recent 5m candles. Volume was 7.84x average, the aggressive buy/sell delta was -37.5%, and the buy/sell ratio was 0.45—clear directional selling pressure.
OI on the 15m timeframe is still up 0.11%, but notional value fell by 5.89M. Price down, OI up: a classic sign of new leveraged shorts entering, not just longs closing out. The percentile is 99.0%, ranked #58 among all pool anomalies, while the notional change surged to #6. The funding rate is also in a high percentile for the recent period.
Price broke below the range boundary, confirmed by volume. I’m in no rush to buy the dip. Let’s see whether this wave of shorts is short-term or is really looking to push the price down for a while.
OI on the 15m timeframe is still up 0.11%, but notional value fell by 5.89M. Price down, OI up: a classic sign of new leveraged shorts entering, not just longs closing out. The percentile is 99.0%, ranked #58 among all pool anomalies, while the notional change surged to #6. The funding rate is also in a high percentile for the recent period.
Price broke below the range boundary, confirmed by volume. I’m in no rush to buy the dip. Let’s see whether this wave of shorts is short-term or is really looking to push the price down for a while.