$PENDLE This spot is a bit interesting.
In 15m, it surged 2%. The volume could directly reach 2.36x, Z-score is 3.6, and the closing price broke through the upper boundary of the recent 20 5m candles. The buy-sell ratio is 1.53, the difference is 21%, and the direction looks quite pronounced.
The key is the OI—on the 15m contract, OI is up 0.10%, nominal value 461K, with an abnormal percentile of 95.6%. It’s ranked 9th in the whole pool, and it has continued across several consecutive periods. This isn’t the kind of structure where a single spike pierces and then it’s over; it’s more like newly added leveraged longs are moving in. The 1h OI nominal is also still growing, at 226K.
The funding rate has already been in a high percentile recently—watch this. Long-side sentiment isn’t cheap.
24h trading value is 41.96M; the depth is sufficient, not a fake breakout from a small pool. It’s approaching its own historical extreme range, and the overall pool’s abnormality is also near the top.
With this kind of setup, it either keeps accelerating, or after the leverage gets piled up too much, one misstep causes a stumble. I lean toward first seeing whether it can hold steady above this upper range. If it can’t, with the funding this high, then the counter move is basically a slap.
In 15m, it surged 2%. The volume could directly reach 2.36x, Z-score is 3.6, and the closing price broke through the upper boundary of the recent 20 5m candles. The buy-sell ratio is 1.53, the difference is 21%, and the direction looks quite pronounced.
The key is the OI—on the 15m contract, OI is up 0.10%, nominal value 461K, with an abnormal percentile of 95.6%. It’s ranked 9th in the whole pool, and it has continued across several consecutive periods. This isn’t the kind of structure where a single spike pierces and then it’s over; it’s more like newly added leveraged longs are moving in. The 1h OI nominal is also still growing, at 226K.
The funding rate has already been in a high percentile recently—watch this. Long-side sentiment isn’t cheap.
24h trading value is 41.96M; the depth is sufficient, not a fake breakout from a small pool. It’s approaching its own historical extreme range, and the overall pool’s abnormality is also near the top.
With this kind of setup, it either keeps accelerating, or after the leverage gets piled up too much, one misstep causes a stumble. I lean toward first seeing whether it can hold steady above this upper range. If it can’t, with the funding this high, then the counter move is basically a slap.