This round of ETC is kind of interesting.

In the 15m timeframe, it surged 1.43% directly, with volume hitting 3.19x and a Z-score of 2.37. This isn’t that slow, lukewarm, inching-style grind—someone is definitely pushing with real money.

The key is OI: in 15m, +0.55%; in 1h, +0.72%. While the nominal change isn’t explosive in absolute terms, the abnormal percentile is already at 95.6%, ranking 8th among abnormal results across the whole pool. OI has been rising across multiple consecutive periods, and so has the price—this is the classic case of new leverage long positions entering, not that “short-covering on a whim” kind of artificial heat.

The closing price broke above the upper edge of the recent 20+ 5mK range lines—basically poking through the ceiling of the recent trading range. Passive trades are 3.2% lower; the buy/sell ratio is 1.07, with bids slightly stronger, but not particularly aggressive.

The funding rate is already in the recent high percentile. At this spot, be careful—bullish sentiment is building. If the funding rate keeps spiking, the risk of a reverse stampede will follow.

The 24h trading value is only 89M, so the pool isn’t that deep. Once leverage stacks up for a coin with this kind of volume, volatility can amplify very quickly. What does a 95.6% abnormal percentile mean? Even old hands know—either it keeps accelerating, or there’s a calm before a liquidation wave.

Watch it first—don’t get carried away in the heat of the moment.