METIS has been moving in a pretty interesting way. Over multiple consecutive periods, it has kept breaking to new holdings highs, with OI expanding in sync. This is not the kind of fake pump—15m contract OI jumped by +2.13% directly, with a short-term notional increase of 140k, and on the 1h timeframe it surged by more than 6%, showing real long-side leverage coming in.
What stands out even more is that active trading imbalance is at 20%, and the buy-sell ratio has reached 1.51, which means it’s not just one side chasing price—everyone is crowding into longs.
On the chart, it has already closed above the highs of nearly the last 20 5m candles, and that was confirmed by a 15m volume spike of 2.2x. Among all anomalies in the pool, this ranks No. 2, and that’s not something coincidence can explain.
That said, I’m also reminding myself that it’s now just one thin layer away from the historical extreme zone, so the significance of each minute candle going forward will be amplified. Don’t chase too high; waiting for a pullback with volume would be a more comfortable entry than jumping in right now.
What stands out even more is that active trading imbalance is at 20%, and the buy-sell ratio has reached 1.51, which means it’s not just one side chasing price—everyone is crowding into longs.
On the chart, it has already closed above the highs of nearly the last 20 5m candles, and that was confirmed by a 15m volume spike of 2.2x. Among all anomalies in the pool, this ranks No. 2, and that’s not something coincidence can explain.
That said, I’m also reminding myself that it’s now just one thin layer away from the historical extreme zone, so the significance of each minute candle going forward will be amplified. Don’t chase too high; waiting for a pullback with volume would be a more comfortable entry than jumping in right now.