PENDLE is getting interesting this move 👀
It broke cleanly above the recent range high on the 15-minute chart, with volume expanding to more than 3x — not a low-volume fake breakout. Open interest is rising in sync, and on the 1-hour timeframe it added nearly $500k in notional positions, which means real new longs are coming in rather than just shorts covering.
Aggressive buy/sell imbalance is 30.7%, with buyers clearly dominating. Funding rates are also sitting near recent highs, so sentiment in the derivatives market is already getting a bit overheated.
One reminder, though: the OI anomaly percentile is 98.2%, ranking second in the pool. At this kind of level, if the trend reverses, the unwind could be brutal. Chasing higher is fine, just don’t get carried away.
It broke cleanly above the recent range high on the 15-minute chart, with volume expanding to more than 3x — not a low-volume fake breakout. Open interest is rising in sync, and on the 1-hour timeframe it added nearly $500k in notional positions, which means real new longs are coming in rather than just shorts covering.
Aggressive buy/sell imbalance is 30.7%, with buyers clearly dominating. Funding rates are also sitting near recent highs, so sentiment in the derivatives market is already getting a bit overheated.
One reminder, though: the OI anomaly percentile is 98.2%, ranking second in the pool. At this kind of level, if the trend reverses, the unwind could be brutal. Chasing higher is fine, just don’t get carried away.
