$B2 This pull is a bit too aggressive—within 15m it’s directly +5.54%, and volume has been boosted to 1.57x. But OI has actually dropped instead of increasing—15m -2.20%, 1h -1.63%. Price moving up while positions are moving down: this kind of structure is mostly short-covering pushing rather than brand-new longs entering. The aggressive buy/sell ratio is 1.18, with a difference of 8.1%. The buy side is indeed getting filled, but it’s eating the stop-loss orders of shorts.
The abnormal percentile is 83.9%, and the overall pool’s notional change ranks #36. 24h turnover is 251M, and liquidity depth is sufficient. How long this short-covering move can run depends on when OI stabilizes and turns back up. If it keeps shrinking, once it’s pulled up, it turns into a pit.
The abnormal percentile is 83.9%, and the overall pool’s notional change ranks #36. 24h turnover is 251M, and liquidity depth is sufficient. How long this short-covering move can run depends on when OI stabilizes and turns back up. If it keeps shrinking, once it’s pulled up, it turns into a pit.