$VELVET This move is a bit aggressive—on the 15m chart it jumps +4.75% directly. Volume is 4.61x, with a Z value of 3.01. This isn’t the kind of shrinking-liquidity fake move.
The key is OI: on the 15m chart +2.2%, on the 1h chart +1.94%. It’s been continuously building across several cycles. The abnormal percentile hits 100%, topping the entire pool. Active trade flow is 23% higher, buy/sell ratio is 1.6. The order book is clearly tilted bullish—new leveraged long positions are charging in; it’s not that kind of illusory short-covering.
In the past 24h, trading value is only a bit over 11M, so the float isn’t thick. At this kind of position, once sentiment fades, it can come down quickly. Price and OI are moving in the same direction, and short-term momentum is there—but it’s already close to its historical extreme zone. If you chase it, think through your stop-loss level.
First, see whether this leveraged build can be held once it’s finished.
The key is OI: on the 15m chart +2.2%, on the 1h chart +1.94%. It’s been continuously building across several cycles. The abnormal percentile hits 100%, topping the entire pool. Active trade flow is 23% higher, buy/sell ratio is 1.6. The order book is clearly tilted bullish—new leveraged long positions are charging in; it’s not that kind of illusory short-covering.
In the past 24h, trading value is only a bit over 11M, so the float isn’t thick. At this kind of position, once sentiment fades, it can come down quickly. Price and OI are moving in the same direction, and short-term momentum is there—but it’s already close to its historical extreme zone. If you chase it, think through your stop-loss level.
First, see whether this leveraged build can be held once it’s finished.