$ZBT 4 hours of open interest dropped 40.6%, yet the price pushed up 6.3%—this divergence is a bit eye-catching.
The anomaly score reached 11.62, specifically these figures:
1) The open interest over 4 hours fell 40.6%, while the price over 24 hours rose 6.3%;
2) When the price rises but the position size shrinks, it often means in-market longs are taking profits or closing out their positions and exiting;
3) This kind of divergence can easily lay the groundwork for reversal risk. Not all capital is still willing to keep chasing.
My take: with open interest dropping like this, it suggests the bulls aren’t as steadfast anymore, but historically this pattern has played out with both up and down moves—so it doesn’t mean a reversal is guaranteed next. Everything should be based on the data on the Binance futures contract page.
$ZBT
The anomaly score reached 11.62, specifically these figures:
1) The open interest over 4 hours fell 40.6%, while the price over 24 hours rose 6.3%;
2) When the price rises but the position size shrinks, it often means in-market longs are taking profits or closing out their positions and exiting;
3) This kind of divergence can easily lay the groundwork for reversal risk. Not all capital is still willing to keep chasing.
My take: with open interest dropping like this, it suggests the bulls aren’t as steadfast anymore, but historically this pattern has played out with both up and down moves—so it doesn’t mean a reversal is guaranteed next. Everything should be based on the data on the Binance futures contract page.
$ZBT