$Q These 15 minutes have been notable. A 3.49% price move isn't outrageous, but OI is up 2.53% alongside it, with a 4.77M increase in notional value and volume at 2.56 times the average—that points to new leveraged longs entering, not shorts covering.
The anomaly percentile is 94.2%, ranking
#5 across the whole pool, while the notional change ranks #2. The key is that this has continued across multiple periods; it wasn't just a single spike that quickly faded. The taker buy-sell imbalance is 4.4%, with a buy-sell ratio of 1.09—bullish, but not one-sided.
However, note that 1h OI is down 7.03%, which means most of this hour's increase has accumulated in the latest 15m candle. The price is rising fast and leverage is piling on quickly. With this kind of setup, any pause in price can easily trigger a long squeeze as traders rush for the exits.
I'm not chasing it. First, I'll see whether this 15m candle can close above support and whether OI continues to follow. You can chase the move, but be clear that you're betting on continuation, not a bargain.