$JUP fell directly by 1.47% in this 15-minute move, with volume surging to more than 7 times the usual level, breaking straight through the lower bound of the past 20 5m K bars. This kind of price-and-volume decline, combined with shrinking open interest, looks more like deleveraging than a new round of panic selling. The active trading imbalance was -29.3%, with shorts clearly dominant, but the funding rate is still at a high level, making this combination quite subtle.
The data behind it is actually pretty interesting — the abnormal OI percentile has already reached 98.2%, and it is also near the top of the whole-pool anomaly list, while the notional change ranks #36. The price is moving along the historical extreme range, the signal quality from the AI model is not low, and with a buy-sell ratio of 0.55 showing a clearly one-sided structure, honestly it is quite worth watching.
Next, we just need to see whether this level can hold. If it continues to drift lower on shrinking volume, it would not be surprising if this turns into another classic script of flushing out longs before a rebound. $JUP , being so close to an extreme level, often precedes a big move.
The data behind it is actually pretty interesting — the abnormal OI percentile has already reached 98.2%, and it is also near the top of the whole-pool anomaly list, while the notional change ranks #36. The price is moving along the historical extreme range, the signal quality from the AI model is not low, and with a buy-sell ratio of 0.55 showing a clearly one-sided structure, honestly it is quite worth watching.
Next, we just need to see whether this level can hold. If it continues to drift lower on shrinking volume, it would not be surprising if this turns into another classic script of flushing out longs before a rebound. $JUP , being so close to an extreme level, often precedes a big move.