$PIEVERSE That one is a bit harsh.
15m directly dropped 3.67%, volume expanded to 1.44x, aggressive trading imbalance was -18.2%, buy/sell ratio 0.69. The close also fell below the lower band of the past 20 5m candles. This isn’t a normal pullback—someone pulled liquidity first.
But interestingly, OI: in 1h the notional actually decreased by 488K, and in 15m by -803K. Price fell while OI fell as well—typical deleveraging. It looks more like longs were squeezed out or cut their positions, rather than new shorts piling in aggressively.
OI percentile is 94%, overall pool abnormality is #4, and notional change is #12, indicating this level is already extreme within the pool. The 24h trading value is 44.61M, and depth is sufficient, so this move isn’t a fakeout caused by liquidity being drained.
Now we just need to see whether the lower edge of this range can be recovered quickly. If it can’t be reclaimed, there may be another wave of forced stop-losses below.
15m directly dropped 3.67%, volume expanded to 1.44x, aggressive trading imbalance was -18.2%, buy/sell ratio 0.69. The close also fell below the lower band of the past 20 5m candles. This isn’t a normal pullback—someone pulled liquidity first.
But interestingly, OI: in 1h the notional actually decreased by 488K, and in 15m by -803K. Price fell while OI fell as well—typical deleveraging. It looks more like longs were squeezed out or cut their positions, rather than new shorts piling in aggressively.
OI percentile is 94%, overall pool abnormality is #4, and notional change is #12, indicating this level is already extreme within the pool. The 24h trading value is 44.61M, and depth is sufficient, so this move isn’t a fakeout caused by liquidity being drained.
Now we just need to see whether the lower edge of this range can be recovered quickly. If it can’t be reclaimed, there may be another wave of forced stop-losses below.