$ETH Active buying accounts for 55.4%, active spread +$15.0M. In the 15m timeframe, both price and OI are moving slightly upward in sync, and 2/3 of the sub-windows are trending in the same direction. It looks like the bulls have a slight edge on active execution, but the edge isn’t very large. The changes in both price and OI are also rather mild—it just doesn’t feel quite punchy enough. For now, just watch and see; the key is whether this active spread can hold.