$AVA This one’s sold down pretty cleanly—within 15m it’s down directly -7.23%. Trading volume hit about 3.95 times the normal level. The Z value is 5.75, which is typical of cases where someone runs first.
Price broke below the lower edge of the recent 20-5m range. Passive trading shortfall is -9.7%, buy-sell ratio 0.82, and sell pressure is real. But interestingly, OI is also falling—15m -2.78%, 1h -3.38%. Even though the nominal change isn’t huge (-301K / -242K USDT), the direction matches the price. It looks more like longs de-leveraging and stop-losses being swept, rather than new shorts piling in aggressively.
The funding rate is still in the high percentile recently—this is a bit uncomfortable: longs are crowded in there, but price can’t hold first, so positions are being passively cut. OI abnormal percentile is 84.5%, and the overall pool’s nominal change ranks at #34, suggesting this isn’t an isolated event—people in the pool are adjusting positions in sync.
Over the past 24h, turnover is 296M. Liquidity isn’t lacking, but the current structure is “down + reducing positions,” not “down + adding positions.” The former is more like a washout; only the latter signals a real trend. Let’s see whether price can quickly reclaim the lower boundary of this range. If it can’t, the next wave of stop-losses may still be ahead.
Price broke below the lower edge of the recent 20-5m range. Passive trading shortfall is -9.7%, buy-sell ratio 0.82, and sell pressure is real. But interestingly, OI is also falling—15m -2.78%, 1h -3.38%. Even though the nominal change isn’t huge (-301K / -242K USDT), the direction matches the price. It looks more like longs de-leveraging and stop-losses being swept, rather than new shorts piling in aggressively.
The funding rate is still in the high percentile recently—this is a bit uncomfortable: longs are crowded in there, but price can’t hold first, so positions are being passively cut. OI abnormal percentile is 84.5%, and the overall pool’s nominal change ranks at #34, suggesting this isn’t an isolated event—people in the pool are adjusting positions in sync.
Over the past 24h, turnover is 296M. Liquidity isn’t lacking, but the current structure is “down + reducing positions,” not “down + adding positions.” The former is more like a washout; only the latter signals a real trend. Let’s see whether price can quickly reclaim the lower boundary of this range. If it can’t, the next wave of stop-losses may still be ahead.