$AKE This spot is kind of interesting. In 15m it pulled 2.31%, the volume surged straight to 2.43x, the volatility Z value is 4.21, and the close even broke above the upper band of the last 20 consecutive 5m candles.
But OI is moving downward—15m -0.17%, 1h -1.15%. Price is rising while open interest is falling; that’s a typical short-covering or position-rebalancing move, not fresh longs aggressively pushing.
The aggressive buy/sell ratio is 1.33, and aggressive trade volume is down 14.2%, though the bids do appear to be slightly favored.
The OI abnormal percentile is 93.3%, the whole pool is #17, and it has been continuing across multiple consecutive cycles; the 24h trading value is 40.64M. This is a signal confirmed by depth—not the kind of thing where one wick and it’s over.
With shorts squeezed this hard, either it keeps pushing upward, or after it’s completed, it cools off. I’m inclined to watch whether OI later rises again—if price continues but OI doesn’t show much further covering, then there’s a high chance it’s a one-wave move. What do you think?
But OI is moving downward—15m -0.17%, 1h -1.15%. Price is rising while open interest is falling; that’s a typical short-covering or position-rebalancing move, not fresh longs aggressively pushing.
The aggressive buy/sell ratio is 1.33, and aggressive trade volume is down 14.2%, though the bids do appear to be slightly favored.
The OI abnormal percentile is 93.3%, the whole pool is #17, and it has been continuing across multiple consecutive cycles; the 24h trading value is 40.64M. This is a signal confirmed by depth—not the kind of thing where one wick and it’s over.
With shorts squeezed this hard, either it keeps pushing upward, or after it’s completed, it cools off. I’m inclined to watch whether OI later rises again—if price continues but OI doesn’t show much further covering, then there’s a high chance it’s a one-wave move. What do you think?