37

37% single-day surge, the APR chart looks kind of interesting.

The funding rate has spiked to 0.02%, and the longs are clearly accumulating aggressively.
Trading volume is close to 50 million USDT, but the price hasn’t broken the previous high at 0.2985 yet.
The long/short ratio is 56% to 44%—there’s still disagreement, not a one-sided move.

In the past 8 hours, the overall trend has strengthened. The most recent K-line moved from 0.24 to above 0.28.
With this kind of volume-price alignment, it will either keep pushing higher or pull back to shake out positions.

I’m watching the 0.30 level—if it breaks through, I’ll reassess.
$APR #资金费率飙升 #37%
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$USELESS 这波跌得挺有意思。15m 跌 1%，量能放 1.67 倍，但 OI 反而在掉——15m 减了 0.32%，1h 减了 0.24%。价格往下走的同时仓位在收缩，典型的不是新空进场砸盘，而是多头自己扛不住在去杠杆或者止损。

主动成交差 -27.6%，买卖比 0.57，卖压确实偏主动。加上收盘刚破近 20 根 5m 的下沿，近期那个支撑区间算是被摸穿了。OI 异常分位 89.1%，全池排 #37，连续多个周期都在异常，说明这不是三分钟的热闹，是有资金在持续减仓。

24h 成交额 32.53M，深度还算够看。这种下跌+OI 双降的走法，往好了想是清杠杆、洗完筹码轻装上阵；往坏了想就是没人接，多头撤退还没结束。

我自己不着急动手，等 OI 稳住、主动成交差收敛回来再说。破位的下沿能不能快速收回，比这 1% 的跌幅本身重要得多。

$PYTH ’s 15m move is pretty interesting: volume surged to 2.49x, the Z-score hit 3.35, and the closing price broke above the highs of the last 20 5m candles. The aggressive trade imbalance is 55.7%, with a buy/sell ratio of 3.51—buyers are clearly pushing.

But the OI is more intriguing: 15m OI is down 0.01%, and 1h OI is down 0.14%. Price is rising while open interest is falling, which looks more like short covering than fresh longs entering. It ranks in the 87.7th percentile for anomalies across the full pool, with an anomaly rank of #12 and a notional change rank of #37. There’s plenty of buzz, but the staying power of the buying is questionable.

24h volume is 17M, and depth checks out. Still, with a breakout driven by short covering, be careful chasing the price—you don’t want to be left holding the bag. First, let’s see if it can hold above the top of this range.

Data Brief | Quickswap 24h trading volume: $47.75 million; daily average: $16.75 million; ratio: 2.8; rank: #37.
Volume growth is moderate, but still above the usual range. Token $QUICK : 24h +2.49%.

#QUICK

Do not treat this as a basis for trading decisions.

$NMR ’s move down was pretty decisive: it fell nearly 2% in 15m, volume rose to 1.72x, and price dropped straight below the lows of the past 20 5m candles.

It’s not that this kind of drop is especially alarming. The key is to look at positions: 1h OI fell 2.23%, with a notional change of -349K, and 15m OI is also shrinking. Price down + OI down doesn’t look like new shorts piling in to hammer the price; it looks more like longs deleveraging, with stop-losses getting swept in batches.

Aggressive trade delta is -19.6%, and the buy/sell ratio is 0.67. Selling pressure is tilted to the downside, but it’s nowhere near an uncontrolled imbalance. There’s still 336M in 24h trading volume, so it’s not as if nobody’s paying attention to the market.

Its anomaly ranking isn’t near the top, though its notional change is ranked at #37 , making it somewhat noticeable across the whole pool. At this point, I’d wait for leverage to get cleared out and then see if buyers are willing to step in. Chasing shorts doesn’t feel very comfortable.

$CRO This time it’s not “wait a little longer for the vote.”

Cronos POS Proposal #36 / #37 have both PASSED: the community pool of 228 million $CRO tokens has been completed for burn, bringing the total burned to 428 million. With Ult + Cronos Launch going forward, 100% of product revenue will be used to buy $CRO in the open market, with monthly burns; the transaction hash will be made public. The staking rewards interpretation remains unchanged—continue under the Strategic Reserve.

When this was posted on the square on September 21, the angle was exactly “proposal ≠ passing.” Today, the voting result and the burn amount are delivered at the same time—this is a hard upgrade along the same line, not a re-skin of old news.

Checked: the cosmos gov API status is PROPOSAL_STATUS_PASSED; TokenPost / BlockBeats 370201 cites the Cronos Network. Not investment advice.

$CAP This drop is a bit too clean.

In 15m, it fell directly by 3.04%. The close broke through the lower edge of nearly 20 consecutive 5m ranges. Active trading volume was weaker, with主动成交差 -19.9%, and the buy/sell ratio was 0.67—selling pressure is genuinely pressing, not the kind of fake-out spike.

What’s interesting is the OI. As price fell, OI actually rose by +0.48% (15m) and +0.83% (1h). The abnormal percentile hit 85.3%, and the whole pool’s abnormal was #37. This structure looks more like newly-added leveraged short positions entering, rather than long liquidations being triggered passively. On the nominal side it’s negative (-382K / -696K), suggesting positions are shrinking, but contract counts are increasing—quite intriguing: less capital, more leverage.

Over the past 24h, there’s also trading value of 87.84M, so the pool isn’t exactly quiet.

At this point, after breaking below the boundary, there are basically two paths: either a fake drop and quick reclaim, or the first leg of adding by the shorts. Personally I’m more cautious—I’ll wait for a retest and confirmation before taking action.

$SOON This 15m has a bit of interest.

The price is down 1.21%, and the volume has actually increased to 1.75x. It looks like someone is slamming it. But if you look closely at OI: on the 15m it’s -0.09%, on the 1h it’s -0.06%, and the nominal change is -334K. That doesn’t look like a fresh short position being opened. It’s more like longs de-leveraging themselves, with stop-losses getting swept.

The active trade imbalance is -21%, the buy/sell ratio is 0.65, and there’s sell pressure. But with OI also falling, it doesn’t look that scary—more like long positions cutting and exiting, not shorts aggressively building.

It also closed below the lower edge of the last ~20 5m bars, so the short-term structure is weak.

Unusual condition in the whole pool #37, nominal change #17. This kind of ranking isn’t top-tier excitement—it’s more like something’s moving, but not to the point of being explosive.

My view: don’t rush to catch the dip and go long yet. Let the longs de-lever cleanly first, and for OI to stabilize before deciding. If you really want to pick it up, wait until the active sell pressure eases—don’t use yourself as fuel halfway up the slope.

$AMP 15m The price starts to change—first, verify the spot trades.

Spot trades: 15.24M, Binance trade ranking #37. The trade data has already been shown in the chart. Next, we’ll see whether volume can continue.

Now: 24h change +50.50%; spread 0.26%. The upside execution cost is 12,400, and the downside execution cost is 17,000. The costs above and below reflect execution conditions; only continued trading will lead to the next leg.

Going forward, if spot trades remain active and the spread doesn’t widen, the anomaly might continue.

$ENA 24-hour +16% bullish candle—on its own, it just looks like a one-off emotional pull. But when you put it back into the last 30 days, it feels more like the final segment of an acceleration. On September 14 it was around 0.136 and nobody was talking about it; today it’s 0.28—double in two weeks. What truly changed in the middle was liquidity: on September 13 and 14, the trading volume was only around 150 million. From yesterday to today, it has climbed above 1 billion. Price is the result; volume is the evidence left behind by this round of turnover.

What I care about most is the rhythm: from September 20 to 25, it ground from 0.20 to 0.22, with volume constantly oscillating between 400 and 800 million. On the 26th, for the first time it broke above 1 billion in volume—only then did the price truly leave the base. This pattern doesn’t look like the kind of short-covering bounce that surges and then disappears; it looks like someone is willing to accept orders at higher prices. Market cap is ranked at #37, and it’s still 81.5% below the ATH. The 1-year moving line is still negative—this buying is about the expectation gap, not a valuation correction.

The risk is also right here: after 30 days and +90%, once volume drops back below 500 million, the acceleration phase is basically considered over.

So don’t overthink whether to “chase” or not—first figure out which ruler you’re using. From a short-term perspective, yesterday’s low at 0.24 is the watershed: if it breaks, sentiment will ebb. From a swing-trading perspective, you need to see whether there’s someone picking up the dip when it retests that 0.20 to 0.21 base area. Which one are you watching right now?

$ETC This move is a bit brutal.

In 15m, it directly dropped with a surge in volume. The traded volume hit 4.54 times the normal level, and the price fell 0.74%—it doesn’t look like much, but the key is that the close broke below the lower edge of the past 20 5m candles. Once that level is broken, short-term stop-loss selling pressure basically gets triggered.

Aggressive volume delta is -49.7%, buy/sell ratio is 0.34, and sell pressure is clearly dominant. OI in 15m is -0.85% and in 1h is -0.78%. This isn’t like fresh shorts entering—it looks more like longs unwinding leverage and exiting on stop losses. Positions are contracting while price is moving lower; this structure isn’t very friendly in the short term.

However, the OI abnormal percentile is still at 87.5%, and the whole pool’s abnormal #37 indicates this move is still being watched. The 24h turnover is 76.4M, and depth is sufficient. Don’t rush to bottom-pick—wait until the sell pressure has been digested, then reassess.

$XRP Early this wave has something to it. The price didn’t drop much—15m is only -0.30%—but the OI fell 1% in an hour. Over ten million U in notional just got pulled out. Combined with Binance’s side, where 5m liquidations of 206K clustered and smashed toward the sell direction—this isn’t fresh shorts opening; it’s old longs getting carried out.

The aggressive buy/sell ratio is 0.81, the trade imbalance is -10.7%, and the volume is 1.29x—not really exaggerated. The selloff is very “quiet,” a textbook deleveraging rhythm. The whole-pool notional change ranks #4, but the abnormality percentile is only #37 , which suggests everyone is shrinking together—not just an XRP-only issue.

With this kind of structure, I usually don’t chase shorts. After the leverage flush, it often turns and gives you a bite back. First, let’s see whether this range boundary can hold. If it can’t, then we’ll talk.

$EPIC This 15m move was pulled pretty decisively—up +3.55%. Volume directly hit 2.14 times the normal level; the Z-score is 3.70. Even the close managed to push through the upper edge of the recent ~20 5m candles.

But here’s the interesting part: OI shows that on 15m it’s -0.33%, and on 1h it’s -1.25%. As price moves upward, positions are actually being reduced. This structure looks more like short-covering / passive position unwinding being pushed up, not like brand-new longs piling in recklessly. Active trading volume is down 16.6%, buy/sell ratio is 1.40—so on the short term, buyers do have the edge. Meanwhile, the funding rate is also sitting in a high percentile recently, meaning the cost to chase longs isn’t cheap.

The anomaly percentile across the whole pool is 92.7%. Nominal change is pool #37, and 24h trading value is 23.72M. In plain terms, it’s a breakout with high volatility plus position rebalancing. Whether it can continue depends on whether that pullback holds the breakout level—don’t be the one to catch the last baton at these high-percentile funding rates.

$VTHO This move has a bit of something.

In the 15m timeframe, it pulled up directly +2.95%. Volume surged to 6x, and the Z value is 3.89. This isn’t the kind of slow, drip-drip grind—someone is pushing. The closing price also broke through the upper edge of nearly 20 consecutive 5m bars in one go, and the short-term structure has been opened/connected.

What’s even more worth watching is the OI. In the 15m contract, OI is +1.49%, notional +219K; in the 1h, OI is +0.59%, notional +203K. Price is rising and OI is rising together, which suggests it’s not just pure short liquidation panic—it looks more like new longs are adding leverage and charging in. The abnormal percentile is 99.2%, #2 in the whole pool. In this kind of position, it already isn’t “normal fluctuation.”

The active trade imbalance is +10.7%, and the buy/sell ratio is 1.24, leaning toward buy-side. The 24h trading value is 17.33M. The pool isn’t especially thick, but today this notional change ranks #37 in the pool. Combined with that abnormal percentile, the top-side momentum/enthusiasm in the short term feels real.

Now the question isn’t whether there’s volume, but whether it can hold the breakout’s upper boundary zone. If it holds, this could be the starting point for a larger structure. If it doesn’t, it’s likely just a pullback after a high-point that got overextended.

Keep an eye on VTHO first—don’t chase the highest point up into it.

$BEAT This move is a bit interesting.

In 15m, it directly surged 1.76%, with volume reaching 2.96x and the Z value at 3.74—not the kind of tickly, harmless fluctuation. The closing price held above the upper boundary of the recent 5m band for nearly 20 lines; the aggressive trade differential is +31.8%, and the buy/sell ratio is 1.93—clearly the buyers are pushing.

The key is OI: in 1h, +0.09%, nominal +200K U, abnormal percentile 99.2%, ranking #2 in the whole pool. Price rising alongside OI rising tends to indicate fresh leveraged long entries, not that kind of weak rebound driven by short-covering. The nominal change is #37 in the whole pool as well, and depth confirmation has passed too.

In the past 24h, the traded value is only 7.77M, so the pool isn’t very thick. This kind of sudden spike near historical extreme zones—either someone knew something in advance, or it’s specifically targeting a liquidity wave.

Watch first: see whether 15m can hold above this upper level. I’m not in a rush to chase the breakout.

$PROM This spot is a bit interesting.

On the 15m chart, it rises straight up by 1.06%. Volume reaches 2.90x, volatility is 2.64, and the closing price has actually broken through the upper boundary of the recent 20 5m intervals. The aggressive buy-sell difference is 26.2%, the buy/sell ratio is 1.71, and the funding rate has also climbed to the recent high percentile—market sentiment is clearly skewed bullish.

But what I care more about is OI.

On the 15m contract, OI is -0.04%, and on the 1h contract, OI is -0.03%. Price is going up, but open interest is actually dropping. This structure looks more like short covering or passive position unwinding, not like new long positions are being aggressively added. OI percentile is 92.1%; within the whole pool, anomaly #9 and notional change #37. It persists across multiple consecutive periods—this suggests it’s not a one-off move, but funds are continuing to take action.

In the last 24h, trading volume is 9.55M. The pool isn’t that big. At this level, a notional change of 166K is enough to push the anomaly into the top ten of the whole pool, and the depth confirmation passed too—trading volume is higher than usual, it reached boundary levels, and there’s directional bias.

My take: the short-term structure is relatively strong, but the “fuel” for the rise is short covering rather than an influx of incremental longs. How sustainable this move is depends on whether OI can keep up afterward. If price keeps climbing while OI continues to drop, then it’s basically forced short behavior—be careful when chasing highs.