$VVV This move saw 15 minutes of direct volume expansion, nearly 5x the volume. Price broke above the upper bound of the last 20 five-minute K-line range. Buy-side aggression is up 24%, the buy/sell ratio is 1.63—clearly, the bulls are pushing in earnest, putting real money on the table.
OI also rose by more than 2%, and the funding rate is at a high level. This looks more like newly added leveraged longs entering, not just a fake surge from short covering. Both the pool’s abnormality rank and the nominal change are in the top 15, and the depth is sufficient.
In the past 24 hours, trading volume was 67 million, so liquidity is not an issue. The short-term trend is backed up, but with the combination of piled-up leveraged longs and a relatively overheated funding rate, keep an eye on it—don’t chase too high. #VVV
OI also rose by more than 2%, and the funding rate is at a high level. This looks more like newly added leveraged longs entering, not just a fake surge from short covering. Both the pool’s abnormality rank and the nominal change are in the top 15, and the depth is sufficient.
In the past 24 hours, trading volume was 67 million, so liquidity is not an issue. The short-term trend is backed up, but with the combination of piled-up leveraged longs and a relatively overheated funding rate, keep an eye on it—don’t chase too high. #VVV