LDO, this breakout is a bit interesting—on the 15m timeframe it immediately saw a surge in volume, pushing up 3.81x, and the close even held above the upper edge of nearly 20 of the 5m K candles. The key issue is that OI is increasing in sync as well: the 15m contract is up +0.49%, and the 1h is also close to +0.6%. This doesn’t look like a fake-breakout-and-run script; it’s more like newly added leveraged long positions are pushing with real money.
The active trading gap is 49.4%, the buy/sell ratio has jumped to 2.95, and the funding rate is also in the higher percentile—so short-term sentiment is indeed bullish. Now the price isn’t far from its own historical extreme range. Once volume keeps expanding and the upside space opens up, the momentum could be quite strong. But with the funding rate this high, chasing longs still calls for caution—don’t get carried away just by the green candles.
The active trading gap is 49.4%, the buy/sell ratio has jumped to 2.95, and the funding rate is also in the higher percentile—so short-term sentiment is indeed bullish. Now the price isn’t far from its own historical extreme range. Once volume keeps expanding and the upside space opens up, the momentum could be quite strong. But with the funding rate this high, chasing longs still calls for caution—don’t get carried away just by the green candles.