$TAO This 15m move was quite decisive—down 2.25%. Volume rose to 1.65x, and the Z value went straight to 2.58.
Looking at the OI structure: the 15m contract is -0.42%; the notional moved 2.65M, while the 1h only slightly increased by +0.24%, but its notional is also -1.81M. Price fell and OI dropped—that doesn’t look like fresh shorts entering. It feels more like longs de-leveraging, with stop-loss orders getting swept.
The closing price has already broken below the lower bound of the recent 20× 5m range. Active traded volume is -20.3% versus passive. The buy/sell ratio is 0.66, with sell pressure clearly more aggressive.
OI percentile is at 96.4%—the whole pool is #12; notional change is #9. In addition, the 24h trading value is still 501M. Price is near its own historical extreme range. For this kind of deleveraging-style drop, first see whether it can recover before getting in—don’t rush to catch it.
Looking at the OI structure: the 15m contract is -0.42%; the notional moved 2.65M, while the 1h only slightly increased by +0.24%, but its notional is also -1.81M. Price fell and OI dropped—that doesn’t look like fresh shorts entering. It feels more like longs de-leveraging, with stop-loss orders getting swept.
The closing price has already broken below the lower bound of the recent 20× 5m range. Active traded volume is -20.3% versus passive. The buy/sell ratio is 0.66, with sell pressure clearly more aggressive.
OI percentile is at 96.4%—the whole pool is #12; notional change is #9. In addition, the 24h trading value is still 501M. Price is near its own historical extreme range. For this kind of deleveraging-style drop, first see whether it can recover before getting in—don’t rush to catch it.