$BLESS This wave directly pulled 11 percentage points in 15 minutes. Volume jumped to 3.2x, and the Z value hit 4.3. It’s currently #8 on the whole-pool abnormal leaderboard. Nominal changes surged to #4. The order book does have something.
But pay attention to one detail—while the price is moving up, OI (open interest) is actually shrinking. In the 15-minute contracts, it’s down by nearly 1%, and over 1 hour it’s been cut by close to 5%. This structure looks more like shorts are covering than fresh incremental capital is aggressively piling in. In plain terms, it’s being pushed up by forced liquidation—people who chased it at the highs should think it through.
That said, active trade imbalance is positive, so buy-side is still dominant. The breakout is also genuine—it has clearly broken above the upper edge of the last ~20 five-minute K-lines. Short-term sentiment is indeed holding up. With $3.0 billion in 24-hour trading volume, liquidity isn’t bad either.
The key is whether the volume can continue. If OI doesn’t come back, then treat it as a rebound for now—don’t get too carried away. $BLESS
But pay attention to one detail—while the price is moving up, OI (open interest) is actually shrinking. In the 15-minute contracts, it’s down by nearly 1%, and over 1 hour it’s been cut by close to 5%. This structure looks more like shorts are covering than fresh incremental capital is aggressively piling in. In plain terms, it’s being pushed up by forced liquidation—people who chased it at the highs should think it through.
That said, active trade imbalance is positive, so buy-side is still dominant. The breakout is also genuine—it has clearly broken above the upper edge of the last ~20 five-minute K-lines. Short-term sentiment is indeed holding up. With $3.0 billion in 24-hour trading volume, liquidity isn’t bad either.
The key is whether the volume can continue. If OI doesn’t come back, then treat it as a rebound for now—don’t get too carried away. $BLESS