$EPIC This wave of bears is quietly adding more. In 15 minutes, the price fell 0.9%, but the contract open interest is still rising: 15m OI +2.09%, 1h +4.87%—a typical leveraged short-building signal. The abnormal percentile across the entire pool is 96.8%, ranking 5th, and trading volume is nearly double the usual level.
This kind of structure often means the price faces short-term pressure, but sustained growth in OI can also plant a rebound tailwind—when shorts are squeezed long enough, once the spark is lit it’s easier for things to blow up. In the last 24 hours, volume is only a few million, so the market depth isn’t thick; just keep a close watch.
This kind of structure often means the price faces short-term pressure, but sustained growth in OI can also plant a rebound tailwind—when shorts are squeezed long enough, once the spark is lit it’s easier for things to blow up. In the last 24 hours, volume is only a few million, so the market depth isn’t thick; just keep a close watch.