$PUNDIX ‌This wave is purely a long liquidation event.



In 15 minutes, it dropped 5.75%, volume doubled, aggressive sell orders dominate, bid-ask ratio 0.66, positions that were holding on with high funding rates are now all being purged. OI contracted 6% in 15 minutes and 6.78% in 1 hour, nominally 330k U escaped, full pool abnormal percentile 99.2%, a clear concentrated deleveraging.

This structure doesn't look like a washout, but more like a stop-loss stampede. It's not a standard procedure, but the smell of a liquidity black hole is strong.
PUNDIX1.69%
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GateUser-9d67589f
· 8h ago
The longs were precisely blown up in this wave.
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MorningGoldAsWavesCrashAgainst
· 8h ago
Brothers stubbornly holding on through high funding rates—how are you doing now? OI double kill. Who can withstand this liquidity black hole?
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FloatingMirrorSphere
· 8h ago
99.2% abnormal quantile—on-chain data doesn’t lie; the stop-loss cascading/“stampede” is solidly confirmed.
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