$BMT 5-minute drop of 3%—this isn’t just a sell-off. OI is down 4.46% in one hour, and notional capital has shrunk by nearly 10%: longs are actively deleveraging, with some stop-losses being triggered along the way. The buy/sell ratio is 0.72, and aggressive trading is down 16.2%, showing clearly weak rebound momentum. The funding rate is still in a recent high percentile, while the change in OI has hit the 96.4th percentile. The anomaly ranks #3 across the entire pool—a typical flush of the crowded side. The price has fallen close to its own historical extreme range. This isn’t a spot to buy the dip, but a place to watch.