POWR These bullish positions are having a hard time holding up.
In the 15m timeframe, it’s down 1.19%, with volume at only 0.35x, but the OI in 15m is directly -1.86%, with notional down by 82K. Price is falling while OI is also dropping—typical long de-leveraging. This isn’t fresh shorts entering; it’s people getting liquidated and cut.
Active trades are down 20.5%, the buy-sell ratio is 0.66, and sell pressure is clearly one-sided. The funding rate is still in the higher end recently, which suggests that the longs were crowded pretty tightly before, and now things are starting to loosen.
The 1h OI is still +0.26%, meaning the higher-level structure hasn’t changed. This looks more like short-term position contraction, not a trend reversal. But with 80.4% sitting there in the abnormal percentile for the whole pool—#30, confirmed by events with verified depth—don’t pretend you didn’t see it.
In the last 24h, turnover is 97.88M. The pool isn’t small, but once this kind of de-leveraging starts, it usually can’t end with just one 15m candle. First, see whether OI can hold steady. If it can’t, more stop-losses are likely lined up below.
In the 15m timeframe, it’s down 1.19%, with volume at only 0.35x, but the OI in 15m is directly -1.86%, with notional down by 82K. Price is falling while OI is also dropping—typical long de-leveraging. This isn’t fresh shorts entering; it’s people getting liquidated and cut.
Active trades are down 20.5%, the buy-sell ratio is 0.66, and sell pressure is clearly one-sided. The funding rate is still in the higher end recently, which suggests that the longs were crowded pretty tightly before, and now things are starting to loosen.
The 1h OI is still +0.26%, meaning the higher-level structure hasn’t changed. This looks more like short-term position contraction, not a trend reversal. But with 80.4% sitting there in the abnormal percentile for the whole pool—#30, confirmed by events with verified depth—don’t pretend you didn’t see it.
In the last 24h, turnover is 97.88M. The pool isn’t small, but once this kind of de-leveraging starts, it usually can’t end with just one 15m candle. First, see whether OI can hold steady. If it can’t, more stop-losses are likely lined up below.