$PENDLE This is a bit interesting—within the 15m timeframe it jumped 2% directly. Trading volume hit 2.58x, and volatility (Z) reached 4.23—definitely not a lukewarm, slow-moving market.
Even more worth watching is OI. In 15m, OI is +0.34%; in 1h, it’s +0.22%. The total nominal change adds up to over 1 million U. The extreme percentile is directly up at 99.4%, and the entire pool’s extreme moves rank at #5. Price is rising while OI is moving in sync, which suggests it’s not that kind of “fake lift” from short covering—there are real, fresh leveraged long positions getting added.
The buy/sell ratio is 1.42, and passive-to-active execution difference is 17.2% toward buys. The close also broke above the upper edge of the last ~20 consecutive 5m candles. For now, direction is still leaning to the long side.
The only thing that makes me a little more cautious is the absolute volume—24h trading value is 16.86M, not particularly thick. With OI already at such an extreme level, if volume doesn’t keep up later, the levered positions stacked here can easily get pulled back and forth.
Keep an eye on whether volume can continue. This level is near a historical extreme range—either it accelerates, or it turns into a stage for someone else to be carried along.
Even more worth watching is OI. In 15m, OI is +0.34%; in 1h, it’s +0.22%. The total nominal change adds up to over 1 million U. The extreme percentile is directly up at 99.4%, and the entire pool’s extreme moves rank at #5. Price is rising while OI is moving in sync, which suggests it’s not that kind of “fake lift” from short covering—there are real, fresh leveraged long positions getting added.
The buy/sell ratio is 1.42, and passive-to-active execution difference is 17.2% toward buys. The close also broke above the upper edge of the last ~20 consecutive 5m candles. For now, direction is still leaning to the long side.
The only thing that makes me a little more cautious is the absolute volume—24h trading value is 16.86M, not particularly thick. With OI already at such an extreme level, if volume doesn’t keep up later, the levered positions stacked here can easily get pulled back and forth.
Keep an eye on whether volume can continue. This level is near a historical extreme range—either it accelerates, or it turns into a stage for someone else to be carried along.
