$VVV This wave of a 15m move is somewhat interesting. The price is up 2.41%—it doesn’t look that impressive at first glance—but the OI is also dropping: 15m -0.24%, 1h -1.43%. Nominally it’s still positive, which suggests new money is pushing the price higher, but positions being closed causes net open interest to shrink. This is a typical short-covering structure.
More importantly, the price has just broken above the upper edge of the last ~20 5m K-bars. Active trade imbalance is +22.2%, and the buy/sell ratio is 1.57. The bids are really pushing—not the kind of fake breakout that spikes with a single push and then immediately falls back. The OI percentile is extremely high at 90.9%. In the whole pool, ranking is #15 by position, and #17 by nominal change. Multiple consecutive cycles have been in the front ranks. This kind of consistency is far more trustworthy than just one period spiking.
24h trading volume is 148 million, liquidity is sufficient, and depth also confirms the range boundaries. Now we just need to see whether this short-covering wave can turn into a real trend increment. If OI continues to fall while the price keeps being pushed upward, then be careful—it could be the final leg of a squeeze. Keep watching first; don’t rush to chase.
More importantly, the price has just broken above the upper edge of the last ~20 5m K-bars. Active trade imbalance is +22.2%, and the buy/sell ratio is 1.57. The bids are really pushing—not the kind of fake breakout that spikes with a single push and then immediately falls back. The OI percentile is extremely high at 90.9%. In the whole pool, ranking is #15 by position, and #17 by nominal change. Multiple consecutive cycles have been in the front ranks. This kind of consistency is far more trustworthy than just one period spiking.
24h trading volume is 148 million, liquidity is sufficient, and depth also confirms the range boundaries. Now we just need to see whether this short-covering wave can turn into a real trend increment. If OI continues to fall while the price keeps being pushed upward, then be careful—it could be the final leg of a squeeze. Keep watching first; don’t rush to chase.