$LAB This move has a bit of interest.
On the 15m timeframe, it directly surged up by 4.24%. The closing price pushed through the upper bands of nearly 20 consecutive 5m candles—looks pretty fierce. But when you peel back the OI—on the 15m contract it’s -0.63%, and on the 1h it’s also -0.15%. Price is up, but open interest is down. This script is something old hands are already familiar with: short covering, not fresh long entry.
Active trading is weaker by 5.2%, the buy/sell ratio is 1.11, and volume is 1.44x—so it’s more like mild expansion, not the kind of violent sweep-and-buy.
The OI abnormal percentile is 94.4%, ranking 7th in the whole pool; nominal change ranks 13th. The data really stands out, and the 24h trading volume also surpassed 110 million U.
The issue is—if the rally is pushed up by short covering and shorts get squeezed out, then who’s taking the baton next?
We’re near the historical extreme zone. At this spot, it’s either the starting point of a real breakout, or just a single needle-like spike. Personally, I’m a bit cautious: first see whether it can hold steady—don’t chase.
#LAB
On the 15m timeframe, it directly surged up by 4.24%. The closing price pushed through the upper bands of nearly 20 consecutive 5m candles—looks pretty fierce. But when you peel back the OI—on the 15m contract it’s -0.63%, and on the 1h it’s also -0.15%. Price is up, but open interest is down. This script is something old hands are already familiar with: short covering, not fresh long entry.
Active trading is weaker by 5.2%, the buy/sell ratio is 1.11, and volume is 1.44x—so it’s more like mild expansion, not the kind of violent sweep-and-buy.
The OI abnormal percentile is 94.4%, ranking 7th in the whole pool; nominal change ranks 13th. The data really stands out, and the 24h trading volume also surpassed 110 million U.
The issue is—if the rally is pushed up by short covering and shorts get squeezed out, then who’s taking the baton next?
We’re near the historical extreme zone. At this spot, it’s either the starting point of a real breakout, or just a single needle-like spike. Personally, I’m a bit cautious: first see whether it can hold steady—don’t chase.
#LAB