$FIL has once again become the focus. Although the price fell by only 0.66%, 15-minute trading volume surged to 2.49 times its previous level—clearly not an ordinary fluctuation.
The price broke below the lower boundary of the range formed by the most recent 20 five-minute candlesticks, while open interest declined. This suggests that more longs are exiting rather than shorts actively pushing the price down. The active buy-sell difference is -0.1%, and the buy-sell ratio is 1.00, indicating that bullish and bearish forces are roughly balanced.
The funding rate is near its recent highs, the OI percentile is unusually high at 79.4%, and it ranks #43 across the entire pool, while its nominal change ranks #28.
In this setup, falling prices accompanied by lower volume and shrinking open interest suggest that short-term selling pressure is being released relatively quickly. However, the high funding rate and elevated OI percentile also mean that if support fails, deleveraging may not be over yet.
For now, watch to see whether the lower boundary of this range can be reclaimed.
The price broke below the lower boundary of the range formed by the most recent 20 five-minute candlesticks, while open interest declined. This suggests that more longs are exiting rather than shorts actively pushing the price down. The active buy-sell difference is -0.1%, and the buy-sell ratio is 1.00, indicating that bullish and bearish forces are roughly balanced.
The funding rate is near its recent highs, the OI percentile is unusually high at 79.4%, and it ranks #43 across the entire pool, while its nominal change ranks #28.
In this setup, falling prices accompanied by lower volume and shrinking open interest suggest that short-term selling pressure is being released relatively quickly. However, the high funding rate and elevated OI percentile also mean that if support fails, deleveraging may not be over yet.
For now, watch to see whether the lower boundary of this range can be reclaimed.