$AVA This 15m move dropped -3.95%. Volume/turnover reached 4.55x. The buy/sell ratio is 0.50. The active trade imbalance is -33.7%—all of it is being hit by market sell orders.
But pay attention to OI: the 15m contract is -1.83%, 1h is -0.83%, and the notional change is -222K. Price is down while OI is also falling—this is the typical long-side deleveraging, not fresh shorts entering.
The OI percentile is 97.6%, ranking #11 in the whole pool, and it has continued across multiple cycles. In plain language: longs are being bulk-liquidated and forced out—stop-losses and liquidations—while positions are shrinking.
This structure is more worth watching than the price itself. If it were a new short opening, OI should be rising. Now OI is dropping, which suggests the shorts aren’t getting follow-through; the longs are the ones doing the dumping.
Total成交 over 24h is only 13.37M, so the pool isn’t very deep. Wait for OI to stop falling and stabilize before seeing whether anyone steps in. Chasing shorts right now isn’t great in terms of risk/reward, and any bottom-picking still needs to wait for signals that deleveraging has ended.
But pay attention to OI: the 15m contract is -1.83%, 1h is -0.83%, and the notional change is -222K. Price is down while OI is also falling—this is the typical long-side deleveraging, not fresh shorts entering.
The OI percentile is 97.6%, ranking #11 in the whole pool, and it has continued across multiple cycles. In plain language: longs are being bulk-liquidated and forced out—stop-losses and liquidations—while positions are shrinking.
This structure is more worth watching than the price itself. If it were a new short opening, OI should be rising. Now OI is dropping, which suggests the shorts aren’t getting follow-through; the longs are the ones doing the dumping.
Total成交 over 24h is only 13.37M, so the pool isn’t very deep. Wait for OI to stop falling and stabilize before seeing whether anyone steps in. Chasing shorts right now isn’t great in terms of risk/reward, and any bottom-picking still needs to wait for signals that deleveraging has ended.
