$RIVER This 15m drop is down 2.17%. Volume shot straight up to 2.62x, volatility (Z) hit 4.09—this isn’t an ordinary slow bleed; there’s capital hard-selling.
Focus on OI: on 15m it’s down 0.34%, and on 1h it’s down 0.50%, with notional falling by nearly 200k U. Price down + OI down is a classic sign that leveraged longs are being liquidated or they’re actively shrinking positions—this isn’t fresh short entry. The abnormal percentile is 91.9%; it ranks
#19 across the whole pool, meaning this move is pretty conspicuous in the broader market.
The closing price has already broken below the lower band of the last ~20 5m candles. Active traded volume is -23.1%, buy/sell ratio is 0.63—sellers are fully in control. A 24h turnover of 28M isn’t huge for the whole pool; with volume like this, it’s hard for sentiment to repair immediately in the short term.
First, see whether this deleveraging can find support/absorption below—don’t rush to catch a falling knife.