$ NiuLai 15m price drops below the lower edge of the last ~20 consecutive 5m Ks; active trades are worse by -19.5%, buy/sell ratio is 0.67, and sell pressure is dominating.

What’s even more interesting is the OI: 15m +0.04%, 1h +0.01%, nominal change +0.77%. In terms of nominal change ranking across the whole pool, it’s #21, and the anomaly percentile is 42.3%. Price is falling, but leverage is increasing—this kind of structure looks like newly opened short positions, not old longs being passively beaten up. Trade volume is 1.49x, volatility Z is 1.63. It’s not yet the kind of fully “let go” move, but the active direction is already quite skewed.

In the past 24h, turnover is 141.48M. Nominal change is leading and depth confirmation is solid. If shorts at this level get squeezed a bit more later, the upside elasticity won’t be small. For now, keep watching—whether it keeps pressing down or turns out to be a fake move.