$REZ This move is kind of interesting—price is gradually being pushed up, while OI is accelerating.
15m volume energy hits 4.42x directly; 1h contract open interest is up +9.61%, with notional change of 1.14M. It’s not that kind of “bullish overhang” caused by short covering; it feels more like new leveraged long positions are being added gradually. Active buy orders are 1.06, about 3% behind the sell side—buys are slightly dominant, but not to the point of going crazy.
24h trading value is 109M, ranking unusually high in the pool. I’ve checked the depth as well. This kind of structure usually means someone positioned themselves early; if volume continues to follow through, the upside might be more than just this 1.42%.
Of course, OI rising too fast is a double-edged sword—be cautious about chasing. Let’s watch first.
15m volume energy hits 4.42x directly; 1h contract open interest is up +9.61%, with notional change of 1.14M. It’s not that kind of “bullish overhang” caused by short covering; it feels more like new leveraged long positions are being added gradually. Active buy orders are 1.06, about 3% behind the sell side—buys are slightly dominant, but not to the point of going crazy.
24h trading value is 109M, ranking unusually high in the pool. I’ve checked the depth as well. This kind of structure usually means someone positioned themselves early; if volume continues to follow through, the upside might be more than just this 1.42%.
Of course, OI rising too fast is a double-edged sword—be cautious about chasing. Let’s watch first.