$MARSCOIN This move looks more like the bulls being lifted out.
15m down 1.40%, volume hasn’t expanded, but OI has been falling continuously—15m -1.72%, 1h -1.84%, notional shrank by 1.63M, and several consecutive cycles have been reducing positions. The aggressive trade gap is -22.8%, buy-sell ratio is 0.63. It’s getting slammed more than it’s being picked up, yet the price hasn’t collapsed—it’s just slowly bleeding out.
84.5% abnormal percentile, Pool #35 overall, notional change Pool #14. Over the past 24h, trading volume is 198M propping it up, and the depth isn’t too bad.
The issue is: when the longs delever, who’s taking the other side?
15m down 1.40%, volume hasn’t expanded, but OI has been falling continuously—15m -1.72%, 1h -1.84%, notional shrank by 1.63M, and several consecutive cycles have been reducing positions. The aggressive trade gap is -22.8%, buy-sell ratio is 0.63. It’s getting slammed more than it’s being picked up, yet the price hasn’t collapsed—it’s just slowly bleeding out.
84.5% abnormal percentile, Pool #35 overall, notional change Pool #14. Over the past 24h, trading volume is 198M propping it up, and the depth isn’t too bad.
The issue is: when the longs delever, who’s taking the other side?