$POL This wave is kind of interesting.
In the 15m timeframe it jumped 1.76%, and the volume surged to 3.54x. The Z-score is 5.02, and the 24h turnover is also expanded to 22.83M. Price broke above the upper band of the recent ~20 consecutive 5m ranges; the buy/sell ratio is 1.41, and the difference in active trades is -16.9%—the bids are genuinely moving in.
But the contracts side looks off: OI in 15m is -0.54%, 1h is -0.69%, and even the notional change only slightly increased by 158K/215K USDT.
Price rising while OI is falling is typical of short-covering, not new longs entering. The price pushed by a short squeeze isn’t the same as trend-building accumulation.
The OI abnormal percentile is already at 95.4%, in the whole pool #16, with multiple consecutive cycles continuing. Sentiment-wise, this level is definitely “hot,” but structurally be careful: the fuel for short-covering is limited—after the covers are done, who will接 the bids?
If afterward OI doesn’t rise along with price, this move may just be a pulse. If you really want to chase, wait until OI turns positive first.
In the 15m timeframe it jumped 1.76%, and the volume surged to 3.54x. The Z-score is 5.02, and the 24h turnover is also expanded to 22.83M. Price broke above the upper band of the recent ~20 consecutive 5m ranges; the buy/sell ratio is 1.41, and the difference in active trades is -16.9%—the bids are genuinely moving in.
But the contracts side looks off: OI in 15m is -0.54%, 1h is -0.69%, and even the notional change only slightly increased by 158K/215K USDT.
Price rising while OI is falling is typical of short-covering, not new longs entering. The price pushed by a short squeeze isn’t the same as trend-building accumulation.
The OI abnormal percentile is already at 95.4%, in the whole pool #16, with multiple consecutive cycles continuing. Sentiment-wise, this level is definitely “hot,” but structurally be careful: the fuel for short-covering is limited—after the covers are done, who will接 the bids?
If afterward OI doesn’t rise along with price, this move may just be a pulse. If you really want to chase, wait until OI turns positive first.