$SENT This is going to cause troubleđ„
I was a bit excited looking at the chart at dawnâwithin 15 minutes it surged with volume up by 11x. This isnât the kind of move a retail crowd could smash through.
Whatâs key is the contract side: the 15-minute and 1-hour open position volumes are rising in sync, and the notional increase is keeping up tooâclassic leveraged longs are charging in with real money. Even more outrageous is that this OI percentile anomaly has jumped straight to 98.4%, the #1 in the whole pool. To put it plainly, this product right now is the most ârecklessâ leveraged capital in the entire market.
And itâs not some fake pumpâthe spread between aggressive trades is down about 14%, buy-side pressure is clearly much stronger, and the traded volume is far beyond normal levels. Coupled with the funding rate still staying high, this wave of leveraged longs has essentially shown their attitude right on the face: not backing downâjust do it.
One more reminder though: at such extreme levels, sentiment is often extreme too. Chasing in now is like dancing on the tip of a knife. If you want to get on board, pay attention to position sizing and take-profit levelsâdonât hold on until the very last second đ€
I was a bit excited looking at the chart at dawnâwithin 15 minutes it surged with volume up by 11x. This isnât the kind of move a retail crowd could smash through.
Whatâs key is the contract side: the 15-minute and 1-hour open position volumes are rising in sync, and the notional increase is keeping up tooâclassic leveraged longs are charging in with real money. Even more outrageous is that this OI percentile anomaly has jumped straight to 98.4%, the #1 in the whole pool. To put it plainly, this product right now is the most ârecklessâ leveraged capital in the entire market.
And itâs not some fake pumpâthe spread between aggressive trades is down about 14%, buy-side pressure is clearly much stronger, and the traded volume is far beyond normal levels. Coupled with the funding rate still staying high, this wave of leveraged longs has essentially shown their attitude right on the face: not backing downâjust do it.
One more reminder though: at such extreme levels, sentiment is often extreme too. Chasing in now is like dancing on the tip of a knife. If you want to get on board, pay attention to position sizing and take-profit levelsâdonât hold on until the very last second đ€