$F It’s like a bulldozer.
In 15 minutes, it pulled up 5.73% straight away. The closing price broke through the upper boundary of nearly 20 of the 5-minute candles. OI increased by +3.14% in an hour, +0.87% in 15 minutes. Price is up and so is open interest—textbook leveraged longs rushing in. The percentile of abnormal OI for the whole pool is 96.4%, ranking 5th. This isn’t a random quick jab; it’s been continuing across multiple consecutive cycles.
I’m paying attention to two things:
First, the funding rate is already at a high percentile recently, so longs are a bit crowded.
Second, the gap in aggressive trading this wave is only 1.6%, with a buy/sell ratio of 1.03. In other words, the spot side’s actual buying isn’t fully keeping pace with the contract’s rhythm.
24h trading volume is 126M, and the pool isn’t that deep. Once this OI acceleration stops, any pullback is likely to look ugly. Those chasing higher—know what you’re doing. Don’t end up being the last one to take the final baton.
In 15 minutes, it pulled up 5.73% straight away. The closing price broke through the upper boundary of nearly 20 of the 5-minute candles. OI increased by +3.14% in an hour, +0.87% in 15 minutes. Price is up and so is open interest—textbook leveraged longs rushing in. The percentile of abnormal OI for the whole pool is 96.4%, ranking 5th. This isn’t a random quick jab; it’s been continuing across multiple consecutive cycles.
I’m paying attention to two things:
First, the funding rate is already at a high percentile recently, so longs are a bit crowded.
Second, the gap in aggressive trading this wave is only 1.6%, with a buy/sell ratio of 1.03. In other words, the spot side’s actual buying isn’t fully keeping pace with the contract’s rhythm.
24h trading volume is 126M, and the pool isn’t that deep. Once this OI acceleration stops, any pullback is likely to look ugly. Those chasing higher—know what you’re doing. Don’t end up being the last one to take the final baton.