$BANK This wave on the 15m ran up 4.52%. Volume directly hit 3.35x. Volatility Z reached 9.06, and the closing price pierced above the upper band of the last 20 5m candles.
What’s interesting is the OI—on 15m: -0.36%, on 1h: -2.40%. Price is up while open interest is down: a textbook short-covering script. Passive trades down +8.4%, buy/sell ratio 1.18. It’s not retail FOMO—someone is being forced to close positions.
The OI at the 96th percentile is abnormal across the whole pool #23, and it has persisted for several consecutive intervals. This kind of structure is either the very start of a short liquidation cascade, or it’s the final push of a bull-trap. With only $32M in 24h volume and the order book sitting there as it is, don’t chase the price.
What’s interesting is the OI—on 15m: -0.36%, on 1h: -2.40%. Price is up while open interest is down: a textbook short-covering script. Passive trades down +8.4%, buy/sell ratio 1.18. It’s not retail FOMO—someone is being forced to close positions.
The OI at the 96th percentile is abnormal across the whole pool #23, and it has persisted for several consecutive intervals. This kind of structure is either the very start of a short liquidation cascade, or it’s the final push of a bull-trap. With only $32M in 24h volume and the order book sitting there as it is, don’t chase the price.