Down 47.11% in 24 hours, while 30-point OI rose 60.19%: after $UAI ’s sharp drop, positions did not retreat along with the price. UAIUSDT perpetuals are the only contracts listed on Binance. Over the latest four full hours, the price fell another 4.35%, with trading volume at 1.48 times that of the preceding window.
⚠️ The previous full hour saw a 1.21% decline, while trading volume fell 35.19% from the prior hour. Contract-count OI rose 2.89% over the same period, and both the indicator and the latest settled funding rate were +0.0050%. The available data only confirms that leverage continued to build during the decline; it cannot determine whether the new positions were net long or net short. Rapid medium-term OI expansion could amplify further downside, but could also increase the risk of a squeeze during a rebound.
If a full hourly candle closes below 0.0876 USDT with rising volume and continued OI growth, I would first guard against a second wave of liquidations. If the price reclaims 0.0944 USDT while volume cools and OI growth slows, only then would I consider selling pressure to be easing.
* NFA, DYOR
⚠️ The previous full hour saw a 1.21% decline, while trading volume fell 35.19% from the prior hour. Contract-count OI rose 2.89% over the same period, and both the indicator and the latest settled funding rate were +0.0050%. The available data only confirms that leverage continued to build during the decline; it cannot determine whether the new positions were net long or net short. Rapid medium-term OI expansion could amplify further downside, but could also increase the risk of a squeeze during a rebound.
If a full hourly candle closes below 0.0876 USDT with rising volume and continued OI growth, I would first guard against a second wave of liquidations. If the price reclaims 0.0944 USDT while volume cools and OI growth slows, only then would I consider selling pressure to be easing.
* NFA, DYOR
