$VELODROME 15 minutes active buy/sell ratio at 2.824. The bid side is consuming orders that fast—24h is already up 19.37%!
Latest: 0.03901, hovering right at the 24h high of 0.03997; the 1-hour buy/sell ratio is 1.125, and open interest value increased 2.04% to 10.73M. Price rising alongside rising positions indicates fresh money is chasing. But the 1-hour trading volume is only 0.93x the 24h hourly average—rising on shrinking volume. The fee rate +0.005% suggests the longs are starting to get crowded.
Holding above 0.03812 from the 1-hour mark, with the buy/sell ratio staying above 1, is what counts as follow-through; if it breaks below that level, this round of position building is likely chasing higher prices and then getting reversed.
#VELODROME
Latest: 0.03901, hovering right at the 24h high of 0.03997; the 1-hour buy/sell ratio is 1.125, and open interest value increased 2.04% to 10.73M. Price rising alongside rising positions indicates fresh money is chasing. But the 1-hour trading volume is only 0.93x the 24h hourly average—rising on shrinking volume. The fee rate +0.005% suggests the longs are starting to get crowded.
Holding above 0.03812 from the 1-hour mark, with the buy/sell ratio staying above 1, is what counts as follow-through; if it breaks below that level, this round of position building is likely chasing higher prices and then getting reversed.
#VELODROME
