$SOL This pull-up is quite interesting—over the past 15 minutes it rose 1.33%. From the surface it looks like a surge, but OI is actually contracting: contract 15 minutes: -1.03%, and in 1 hour: -1.99%. Trading volume jumped to 4x Z directly. With buy/sell ratio at 1.45 and passive executions lagging by 18.3%, it’s clearly shorts covering rather than fresh longs rushing in.
The price just broke above the upper bound of the 5-minute range. The overall pool’s notional change ranks 5th, and the O/I percentile at 86.7% is an abnormal high zone. But while the coin price is rising, positions are falling—this kind of structure often suggests a short-term squeeze or a pulse triggered by position liquidation. Funding rate isn’t low even at the high percentile, but if it’s a squeeze, it may not persist here.
For safety, wait for positions to recover or for a second confirmation of resistance before choosing a direction—don’t chase it too quickly.
The price just broke above the upper bound of the 5-minute range. The overall pool’s notional change ranks 5th, and the O/I percentile at 86.7% is an abnormal high zone. But while the coin price is rising, positions are falling—this kind of structure often suggests a short-term squeeze or a pulse triggered by position liquidation. Funding rate isn’t low even at the high percentile, but if it’s a squeeze, it may not persist here.
For safety, wait for positions to recover or for a second confirmation of resistance before choosing a direction—don’t chase it too quickly.