$EDGE this spot has something going on.
15m pulled 2.41%, volume directly hit 2.26x, Z-score 6.1 — this is not the level of a random wiggle. More importantly, OI — 15m +0.18%, 1h +0.17%, notional 248K/237K, anomaly percentile across the whole pool 96.4%, ranked #5.
Price up + OI up, a structure where newly added leveraged longs are coming in, not a fake pump from short covering. Active trading imbalance is 16.8%, buy/sell ratio 1.40, and the close is above the upper end of the recent 20 5m range.
OI anomaly has continued across several consecutive cycles, depth also confirms it, and volume is above normal. 10.07M in 24h turnover is not large, but being able to keep producing anomaly signals in this kind of pool is worth watching to see whether it can extend.
Don’t get carried away at this level; first see whether it can hold.
15m pulled 2.41%, volume directly hit 2.26x, Z-score 6.1 — this is not the level of a random wiggle. More importantly, OI — 15m +0.18%, 1h +0.17%, notional 248K/237K, anomaly percentile across the whole pool 96.4%, ranked #5.
Price up + OI up, a structure where newly added leveraged longs are coming in, not a fake pump from short covering. Active trading imbalance is 16.8%, buy/sell ratio 1.40, and the close is above the upper end of the recent 20 5m range.
OI anomaly has continued across several consecutive cycles, depth also confirms it, and volume is above normal. 10.07M in 24h turnover is not large, but being able to keep producing anomaly signals in this kind of pool is worth watching to see whether it can extend.
Don’t get carried away at this level; first see whether it can hold.