$USELESS This name sounds pretty humble. When it’s pulled up, it’s not vague.
In 15m, it directly went head-on +5.37%. Volume hit 2.13x, and the closing price broke through the upper edges of the last 20 5m candles. The active buy/sell ratio is 1.31, slightly buy-leaning.
But what’s interesting is that OI is falling—15m -1.97%, 1h -2.38%. Price is rising while positions are shrinking. This flavor is more like short-covering, not new long money entering and building a new position. The nominal change is still positive, meaning it’s not just pure liquidation and leaving—there’s turnover as capital rotates.
In 24h, turnover is 434M. The nominal change across the whole pool ranks #7, with an abnormal percentile of 75%. Plainly put: this burst of activity is among the front row in the whole market, not some small fry move.
It’s been pulled up pretty hard, but without fresh follow-through from new positions. I’d generally keep an extra eye on it. After this short-covering is done, check whether anyone is actually stepping in with real money to keep buying higher.
In 15m, it directly went head-on +5.37%. Volume hit 2.13x, and the closing price broke through the upper edges of the last 20 5m candles. The active buy/sell ratio is 1.31, slightly buy-leaning.
But what’s interesting is that OI is falling—15m -1.97%, 1h -2.38%. Price is rising while positions are shrinking. This flavor is more like short-covering, not new long money entering and building a new position. The nominal change is still positive, meaning it’s not just pure liquidation and leaving—there’s turnover as capital rotates.
In 24h, turnover is 434M. The nominal change across the whole pool ranks #7, with an abnormal percentile of 75%. Plainly put: this burst of activity is among the front row in the whole market, not some small fry move.
It’s been pulled up pretty hard, but without fresh follow-through from new positions. I’d generally keep an extra eye on it. After this short-covering is done, check whether anyone is actually stepping in with real money to keep buying higher.
