$CHIP This move is a bit interesting.
In 15m, it jumped straight up by 1.13%. Volume reached 3.53x, and the closing price held above the upper boundary of nearly 20 consecutive 5m candles. The key isn’t the price itself—it’s the OI rising along with it: 15m +0.35%, 1h +0.47%, and the abnormal percentile is already around 90%. When price is up and OI is also up, it suggests new leveraged long positions are coming in, not some kind of fake short-covering.
Aggressive trades are worse by 12.1%, the buy/sell ratio is 1.28, and the funding rate is also at a high level lately. The deeper confirmations are all in: volume is above normal, it has touched the edge of the range, and the direction is biased.
Whole-pool anomaly #25; nominal change is still at #53. It’s not the most explosive ranking, but this kind of structure usually doesn’t end with just one bullish candle. In the last 24h, turnover is 22.73M. The pool isn’t huge—when it runs, it runs fast, and when it drops, it drops fast too.
Let’s see if it can hold above this upper band. If it can’t, then it’s a fake breakout.
In 15m, it jumped straight up by 1.13%. Volume reached 3.53x, and the closing price held above the upper boundary of nearly 20 consecutive 5m candles. The key isn’t the price itself—it’s the OI rising along with it: 15m +0.35%, 1h +0.47%, and the abnormal percentile is already around 90%. When price is up and OI is also up, it suggests new leveraged long positions are coming in, not some kind of fake short-covering.
Aggressive trades are worse by 12.1%, the buy/sell ratio is 1.28, and the funding rate is also at a high level lately. The deeper confirmations are all in: volume is above normal, it has touched the edge of the range, and the direction is biased.
Whole-pool anomaly #25; nominal change is still at #53. It’s not the most explosive ranking, but this kind of structure usually doesn’t end with just one bullish candle. In the last 24h, turnover is 22.73M. The pool isn’t huge—when it runs, it runs fast, and when it drops, it drops fast too.
Let’s see if it can hold above this upper band. If it can’t, then it’s a fake breakout.
