$CAP : It dropped 1.5% in 15 minutes, with volume jumping to 2x, but OI fell only 0.05%, a notional change of -439K. This wasn’t shorts dumping; it looks more like longs pulling the rug out themselves and stop-losses getting swept. The taker volume delta was -22.3%, and the buy/sell ratio was 0.63. Selling pressure is real, but leverage didn’t surge along with it—instead, it’s contracting. Price broke below the lower bound of the 20-bar 5m range, with depth confirming the move. The biggest risk with this structure is that nobody steps in after the drop. Don’t rush to buy the dip in the short term; wait for OI to stabilize before reassessing.