$UAI This sell-off is pretty brutal: it plunged 3% in just 15 minutes, while volume instantly surged to 5.8 times normal. This isn't an ordinary pullback. A quick look at open interest makes it clear: OI fell 2.74% over 15 minutes, with notional value down by 233K. This is clearly longs deleveraging, with stop-losses triggering a cascade. The taker flow delta is -31.7%, and the buy/sell ratio is 0.52, so selling pressure is dominant. Funding rates are still near recent highs, which suggests longs were overcrowded before—now they're getting liquidated. Price down + OI down: a classic position unwind. Although the anomaly percentile is elevated at 95.6%, 24-hour trading volume is 62M, and market depth is holding up. Don't rush to buy the dip in this kind of setup; wait for leverage to flush out before reassessing.