$VIRTUAL is diving again 🩸
Another 15 minutes brought a bearish candle, and it directly broke below the lower bound of the past 20 five-minute K-line range. Behind the move, it’s really leverage at work—OI may only be up 0.09%, but with nominal positions shrinking while price drops and OI rises, this clearly looks like new shorts entering and pressing down.
The funding rate is in the higher end of the recent range. Along with a -15% active trade slippage and a buy/sell ratio of 0.74, these shorts really dare to smash it—no kidding.
The 15-minute trading volume surged to 3.6 times the normal level, and the volatility Z is also above 2.3. Overall, it ranks
#24 in the abnormal monitoring, with nominal change at #31—exactly the “the market is agitated but hasn’t fully broken out yet” phase, like a metronome.
In the short term, don’t rush to catch falling knives. Watch whether the support below can absorb the power from these leveraged shorts. Any rebound needs volume to accompany it to work off the funding rate; otherwise, this kind of slow bleed can grind people down to death.