POWER This move is a bit interesting.
In 15m, it directly surged 7.63%, with volume at 1.5x. The volatility (Z) hit 2.56, and the closing price held above the upper band of the previous ~20 5m candles. The aggressive trade imbalance is +13.2%, buy/sell ratio is 1.30, and the direction is tilted to the buy side.
But what really made me take a closer look isn’t the涨幅—it’s the OI falling. In 15m OI is -1.24%, and in 1h it’s -1.59%. While price moves upward, positions decline. This structure looks more like a short covering than new long positions being opened and driven.
Nominal changes are still substantial: 15m +6.26%, 1h +9.47%, suggesting capital turnover is accelerating.
Abnormal percentile is 83.7%, with the whole pool abnormal at #17, and nominal change at #19. Funding rates are also in a high percentile recently. 24h trading value is 215M, and depth-wise it’s sufficient.
A quick pump with OI down and funding a bit high—normally I wouldn’t chase the first candle. I’d wait for a pullback confirmation, or see whether OI can turn back positive. The shorts got hit, but whether there’s follow-through depends on whether buyers can keep it supported from here.
In 15m, it directly surged 7.63%, with volume at 1.5x. The volatility (Z) hit 2.56, and the closing price held above the upper band of the previous ~20 5m candles. The aggressive trade imbalance is +13.2%, buy/sell ratio is 1.30, and the direction is tilted to the buy side.
But what really made me take a closer look isn’t the涨幅—it’s the OI falling. In 15m OI is -1.24%, and in 1h it’s -1.59%. While price moves upward, positions decline. This structure looks more like a short covering than new long positions being opened and driven.
Nominal changes are still substantial: 15m +6.26%, 1h +9.47%, suggesting capital turnover is accelerating.
Abnormal percentile is 83.7%, with the whole pool abnormal at #17, and nominal change at #19. Funding rates are also in a high percentile recently. 24h trading value is 215M, and depth-wise it’s sufficient.
A quick pump with OI down and funding a bit high—normally I wouldn’t chase the first candle. I’d wait for a pullback confirmation, or see whether OI can turn back positive. The shorts got hit, but whether there’s follow-through depends on whether buyers can keep it supported from here.