$BAS This move is a bit interesting.
In 15 minutes it jumped 4.75% straight away, and the trading volume came in at 2.3 times the usual level. The closing price even forced its way through the upper bound of nearly 20 consecutive 5-minute candlesticks. Even more noteworthy is that OI is rising in sync—although it’s not the kind of violent surge, the nominal change in the contract name also increased by 4.79%, suggesting this isn’t just simple short-covering. It looks more like newly added leveraged long positions are entering.
The aggressive trade imbalance is down 26.8%, with a buy-to-sell ratio of 1.73—so the funding direction is pretty clear. The OI percentile across the whole pool is an abnormal 98.2%, ranking third in the entire pool, and the nominal change is also within the top 40. This kind of data combination is rare in the current market.
Don’t ask me what I can see—this kind of structure with volume-price rising together and OI cooperating at least indicates the trend may not be finished yet. But around the prior high, you should still keep an eye on it.
In 15 minutes it jumped 4.75% straight away, and the trading volume came in at 2.3 times the usual level. The closing price even forced its way through the upper bound of nearly 20 consecutive 5-minute candlesticks. Even more noteworthy is that OI is rising in sync—although it’s not the kind of violent surge, the nominal change in the contract name also increased by 4.79%, suggesting this isn’t just simple short-covering. It looks more like newly added leveraged long positions are entering.
The aggressive trade imbalance is down 26.8%, with a buy-to-sell ratio of 1.73—so the funding direction is pretty clear. The OI percentile across the whole pool is an abnormal 98.2%, ranking third in the entire pool, and the nominal change is also within the top 40. This kind of data combination is rare in the current market.
Don’t ask me what I can see—this kind of structure with volume-price rising together and OI cooperating at least indicates the trend may not be finished yet. But around the prior high, you should still keep an eye on it.
