Synthetix order flow: who is in control?
According to EnsoTrade order-flow data, SNX is in a deleveraging regime — long deleveraging — positions are unwinding as price falls, not new short conviction; recent taker flow favors buyers.
Source: EnsoTrade order-flow · as of 2026-10-13T10:00:00Z · 15-min delayed (real-time free with a 3-day trial).
SNX order flow
| Order-flow regime | DELEVERAGING |
|---|
| Mechanism | long deleveraging — positions are unwinding as price falls, not new short conviction |
|---|
| Open interest | $586,880 |
|---|
| OI change (6h) | -7.04% |
|---|
| Taker imbalance | +41.7% (buyers aggressing) |
|---|
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How to read Synthetix order flow
Order flow shows which side of the Synthetix book is being absorbed before price moves. Combine the regime with funding and why Synthetix is moving to tell a real move from a trap.
FAQ
- What is the Synthetix order-flow regime right now?
- According to EnsoTrade order-flow data, SNX is in a deleveraging regime — long deleveraging — positions are unwinding as price falls, not new short conviction; recent taker flow favors buyers.
- Are traders buying or selling Synthetix?
- Recent Synthetix taker flow favors buyers (+41.7% imbalance).
- Is Synthetix open interest rising or falling?
- Synthetix open interest is down 7.04% over 6 hours.
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