$ARIA This 15m candle dropped 14 points, with volume surging to 9.9 times normal and OI falling 16% in tandem. This is a classic case of longs being forcibly liquidated, not new shorts entering. The taker flow imbalance is -22.4% and the buy/sell ratio is 0.63, so the selling pressure is real. But the funding rate is still near its recent highs—there were too many crowded longs, and once this kind of deleveraging gets triggered, stop-losses cascade. The OI anomaly percentile is 100%, ranking first across the entire pool, which shows this isn't just an ARIA issue; positions are being cut across the board. With this market structure, I wouldn't chase shorts. Any bounce is fake until the leverage is flushed out. I'll wait for OI to stabilize.