$MON This is a bit interesting. In the 15m chart, it surged 1.12%. Volume directly hit 2.29x, and the close still held above the upper band of nearly 20 of the 5m candles. OI (open interest) is up +2.34% in one hour; nominal 564K U. The longs’ leverage is pushing in.
But active traded volume is down -4.8%, and the buy/sell ratio is 0.91—price is rising while order consumption is more sell-oriented, not like a pure spot push. It feels more like the derivatives side is propping it up. Funding rates have been in a high percentile recently; OI has been abnormally continuous for several cycles without breaking—overall pool anomaly #11.
In 24h, volume is only 17M, depth is average. With this kind of structure, the move up is fast and the pullback is also fast. Don’t chase—wait to see whether, on the pullback, it can hold steady above the upper band before deciding.
But active traded volume is down -4.8%, and the buy/sell ratio is 0.91—price is rising while order consumption is more sell-oriented, not like a pure spot push. It feels more like the derivatives side is propping it up. Funding rates have been in a high percentile recently; OI has been abnormally continuous for several cycles without breaking—overall pool anomaly #11.
In 24h, volume is only 17M, depth is average. With this kind of structure, the move up is fast and the pullback is also fast. Don’t chase—wait to see whether, on the pullback, it can hold steady above the upper band before deciding.