$KOMA This push is a bit brutal.
In 15m, it went straight in and hit 6 green points; volume surged to more than 12x its normal level. OI piled up along with it—within 1h, contract open interest added nearly 8%, with a notional increase of 1.78 million USD, putting it at the 99.6th percentile and the top of the whole pool. This structure isn’t just short-covering; it looks more like fresh leveraged longs rushing in—and it’s been continuing across multiple consecutive cycles, with depth confirming it.
Price is up, open interest is up, and volume is amplified—this is the classic long-position building profile.
But don’t ignore one detail: aggressive trades are down 5%, and the buy-sell ratio is 0.90. The price was pushed up, but the aggressive buying didn’t keep up—meaning there’s a significant portion of passive buyers getting picked up in this rally, or in other words, someone is using liquidity to distribute. 24h turnover is 17M; the pool isn’t that deep. With OI accumulating this fast, once there’s a pullback, the chain reaction from leveraged liquidations will be very direct.
And the level is sensitive too—it’s approaching its own historical extreme zone. In situations like this, emotion is easiest to get carried away.
I’m not saying you can’t chase; I’m saying before you chase, think clearly about what you’re betting on. High OI plus weak aggressive buy pressure—this combination is either the last wave of a wash before the move starts, or it’s giving the next people a ride. Set your stop-loss properly—don’t treat it like faith.
In 15m, it went straight in and hit 6 green points; volume surged to more than 12x its normal level. OI piled up along with it—within 1h, contract open interest added nearly 8%, with a notional increase of 1.78 million USD, putting it at the 99.6th percentile and the top of the whole pool. This structure isn’t just short-covering; it looks more like fresh leveraged longs rushing in—and it’s been continuing across multiple consecutive cycles, with depth confirming it.
Price is up, open interest is up, and volume is amplified—this is the classic long-position building profile.
But don’t ignore one detail: aggressive trades are down 5%, and the buy-sell ratio is 0.90. The price was pushed up, but the aggressive buying didn’t keep up—meaning there’s a significant portion of passive buyers getting picked up in this rally, or in other words, someone is using liquidity to distribute. 24h turnover is 17M; the pool isn’t that deep. With OI accumulating this fast, once there’s a pullback, the chain reaction from leveraged liquidations will be very direct.
And the level is sensitive too—it’s approaching its own historical extreme zone. In situations like this, emotion is easiest to get carried away.
I’m not saying you can’t chase; I’m saying before you chase, think clearly about what you’re betting on. High OI plus weak aggressive buy pressure—this combination is either the last wave of a wash before the move starts, or it’s giving the next people a ride. Set your stop-loss properly—don’t treat it like faith.