$MU The perpetual spot account (永续盘) is taking action this time—position changes and market order direction need to line up with the price.
On the 15m chart, price is +0.85%, while open interest is -0.22%. This currently looks more like “positions haven’t caught up.” Treat this kind of rise as price leading first, and then wait for positions to confirm later.
Active buys account for 51.5%, and the active direction isn’t extreme. The long/short participant ratio is 0.77—there are more shorts than longs, but it’s not yet in the crowded short-covering snapback zone.
Price has already moved first, but positions haven’t confirmed. For the next leg, look to see whether new positions are willing to step in and take the other side.
On the 15m chart, price is +0.85%, while open interest is -0.22%. This currently looks more like “positions haven’t caught up.” Treat this kind of rise as price leading first, and then wait for positions to confirm later.
Active buys account for 51.5%, and the active direction isn’t extreme. The long/short participant ratio is 0.77—there are more shorts than longs, but it’s not yet in the crowded short-covering snapback zone.
Price has already moved first, but positions haven’t confirmed. For the next leg, look to see whether new positions are willing to step in and take the other side.