$B
#B $B 🚨 1-minute crash -4.18%! BUSDT at 15:19 is reporting 0.2255. We're seeing three consecutive daily red candles, with today's low at 0.2144; the bearish momentum is extremely strong. Looking at the 4-hour chart, we had a volume spike and a significant drop starting at 12:00, with active sell orders making up 56%; in the 1-hour chart, between 14:00 and 15:00, the trading volume exceeded 21 million contracts, indicating heavy sell pressure. The funding rate is still positive (0.0158%), but after open interest peaked at 63.45 million contracts, the market cap dropped, suggesting that long leverage is being liquidated. Currently, we're seeing a rebound to around 0.225, but the sell wall is relatively thin, so we need to keep an eye on the support at the previous low of 0.214. Please share your thoughts on what additional data I should gather to help everyone with further analysis; the data we're looking at is a true reflection of the current market situation. Follow me for ongoing updates with the latest data. You'll notice that every time I post, that coin is experiencing significant volatility, and I'm currently aggregating a lot of on-chain data for analysis to output the status of that coin within a minute.
#B $B 🚨 1-minute crash -4.18%! BUSDT at 15:19 is reporting 0.2255. We're seeing three consecutive daily red candles, with today's low at 0.2144; the bearish momentum is extremely strong. Looking at the 4-hour chart, we had a volume spike and a significant drop starting at 12:00, with active sell orders making up 56%; in the 1-hour chart, between 14:00 and 15:00, the trading volume exceeded 21 million contracts, indicating heavy sell pressure. The funding rate is still positive (0.0158%), but after open interest peaked at 63.45 million contracts, the market cap dropped, suggesting that long leverage is being liquidated. Currently, we're seeing a rebound to around 0.225, but the sell wall is relatively thin, so we need to keep an eye on the support at the previous low of 0.214. Please share your thoughts on what additional data I should gather to help everyone with further analysis; the data we're looking at is a true reflection of the current market situation. Follow me for ongoing updates with the latest data. You'll notice that every time I post, that coin is experiencing significant volatility, and I'm currently aggregating a lot of on-chain data for analysis to output the status of that coin within a minute.