TON

TON OI declined 1.17% to 19.83M contracts over 24h while price fell from $1.4137 to $1.366 (-3.37%), showing healthy deleveraging during price weakness. OI peaked at 20.07M during initial selling pressure then steadily declined as positions unwound. Volume spiked during key liquidation events at $1.3845 and $1.355 levels. Current OI stabilization around 19.8M suggests selling exhaustion. Key risk: Long liquidation clusters exist at $1.427 (100x) and $1.421 (50x) if price continues declining. Bearish FVGs at $1.4066-$1.4029 and $1.3914-$1.3874 remain unfilled, acting as resistance. Funding rate unavailable but declining OI with falling price indicates healthy position reduction rather than forced liquidations.