$UAI This spot is kind of interesting.
At the 15m interval, one pull moved up 1.24%. Volume directly spiked to 1.92x, and the closing price broke above the upper edge of nearly 20 consecutive 5m candles. The proactive turnover was down 20.3%, the buy-to-sell ratio was 1.51, and the buy orders are genuinely pushing forward.
But if you switch to OI, it’s a different story—both the 15m and 1h contract OI are falling. While the price is moving up, open interest is actually being withdrawn. This combination usually isn’t a relay from fresh long buyers. More like shorts getting stopped out and then being forced into passive covering, pushing the price up.
The abnormal percentile in the whole pool is 78.8%, ranked #20. Depth and transaction direction are both confirmed. However, the total turnover over 24h is only 14.3M—the pool is too shallow. At this kind of scale, you don’t need much volume to push out one bullish candle, and the reversal can be quick.
Don’t get tricked by this candle into jumping in as a bag-holder. First, see whether OI can turn back to positive. If it’s purely a short-covering move, once volume stops, the illusion will be exposed.
At the 15m interval, one pull moved up 1.24%. Volume directly spiked to 1.92x, and the closing price broke above the upper edge of nearly 20 consecutive 5m candles. The proactive turnover was down 20.3%, the buy-to-sell ratio was 1.51, and the buy orders are genuinely pushing forward.
But if you switch to OI, it’s a different story—both the 15m and 1h contract OI are falling. While the price is moving up, open interest is actually being withdrawn. This combination usually isn’t a relay from fresh long buyers. More like shorts getting stopped out and then being forced into passive covering, pushing the price up.
The abnormal percentile in the whole pool is 78.8%, ranked #20. Depth and transaction direction are both confirmed. However, the total turnover over 24h is only 14.3M—the pool is too shallow. At this kind of scale, you don’t need much volume to push out one bullish candle, and the reversal can be quick.
Don’t get tricked by this candle into jumping in as a bag-holder. First, see whether OI can turn back to positive. If it’s purely a short-covering move, once volume stops, the illusion will be exposed.