$CYBER This 15m move is pretty brutal: -4.19% on 11x volume, with OI down 4.93% over 15m and 5.78% over 1h. Notional value fell by nearly 900K U. Price down + OI down is a classic long deleveraging pattern—not shorts opening new positions to drive the price down, but leveraged positions being unable to hold on and hitting their stops. The OI anomaly percentile is 96.8%, ranking second across the entire pool. When an extreme reading persists for several periods, it suggests this isn't over after one wave of liquidations—positions are still flowing out.
Aggressive trade flow is -6.6%, and the buy/sell ratio is 0.88. Selling pressure is dominant, but it's not a crash-like imbalance. 24h trading volume is 60M, so liquidity isn't especially thin; there's still room for more deleveraging. With this kind of setup, I generally don't rush to buy the dip. I'd wait for OI to stop falling and volume to contract before looking for signs of a bottom. Getting in now risks catching the price halfway through a deleveraging move.
Aggressive trade flow is -6.6%, and the buy/sell ratio is 0.88. Selling pressure is dominant, but it's not a crash-like imbalance. 24h trading volume is 60M, so liquidity isn't especially thin; there's still room for more deleveraging. With this kind of setup, I generally don't rush to buy the dip. I'd wait for OI to stop falling and volume to contract before looking for signs of a bottom. Getting in now risks catching the price halfway through a deleveraging move.