$POWER This wave is a bit interesting. In 15m, it surged 4.71%, and volume reached 2.35x, but the difference in active trades is still -1.5%, and the buy-sell ratio is 0.97.——Price is rising, yet the active buy side hasn’t caught up. This suggests the contract side is driving the move more than spot demand.
The OI data is even more worth watching: 15m +2.18%, 1h +1.76%. The nominal change over 1h has already reached 1M USDT (+16.4%). The abnormal percentile is 96.6%, the #1 across the whole pool. OI has been accumulating abnormally over multiple consecutive periods, and price has also touched the boundary of the recent range—classic leveraged longs are building positions.
But note: an abnormal percentile of 96.6% means it’s already close to its own historical extreme zone. In this spot, it’s either fuel before a breakout, or the beginning of crowded trading. The 24h turnover is 76.77M, and depth is sufficient, but the detail that active buy pressure is weak can’t be ignored.
Personally, I’ll focus on the divergence between OI and price—if price keeps pushing while OI growth slows down, be careful. At this level, the risk-reward for chasing longs isn’t great. I’d wait for a pullback to confirm, or for OI to digest a bit, then reassess.
The OI data is even more worth watching: 15m +2.18%, 1h +1.76%. The nominal change over 1h has already reached 1M USDT (+16.4%). The abnormal percentile is 96.6%, the #1 across the whole pool. OI has been accumulating abnormally over multiple consecutive periods, and price has also touched the boundary of the recent range—classic leveraged longs are building positions.
But note: an abnormal percentile of 96.6% means it’s already close to its own historical extreme zone. In this spot, it’s either fuel before a breakout, or the beginning of crowded trading. The 24h turnover is 76.77M, and depth is sufficient, but the detail that active buy pressure is weak can’t be ignored.
Personally, I’ll focus on the divergence between OI and price—if price keeps pushing while OI growth slows down, be careful. At this level, the risk-reward for chasing longs isn’t great. I’d wait for a pullback to confirm, or for OI to digest a bit, then reassess.
