This lobster move is kind of interesting. In the 15m timeframe, it climbed 2.4% on a 15m basis; the volume directly surged to 2.98×. The closing price even stepped over the highs of nearly 20 of the 5m candles, so it looks like a breakout.
But the OI is dropping—15m contracts are down -0.12%, and the 1h is also down -0.08%. Price is up while positions are shrinking. This isn’t fresh long money entering; it looks more like shorts being forced to close and cover. The notional change is quite significant, though—891K / 1.28M USDT are both trending upward, with an abnormal percentile of 86.5%, full pool #25.
The aggressive trades gap is 5.3%, buy/sell ratio 1.11—slightly bullish, but not to the point of being crazy. 24h trading value is 101.51M; liquidity looks sufficient.
With this kind of structure, I usually don’t chase the first push. A setup where shorts are getting squeezed and then the market is pushed upward—the fuel is the shorts’ positions, not new money. I’ll wait for a pullback and see whether it can hold above the upper bound of the range. If it can’t hold, then it’s a false breakout. $龙虾
But the OI is dropping—15m contracts are down -0.12%, and the 1h is also down -0.08%. Price is up while positions are shrinking. This isn’t fresh long money entering; it looks more like shorts being forced to close and cover. The notional change is quite significant, though—891K / 1.28M USDT are both trending upward, with an abnormal percentile of 86.5%, full pool #25.
The aggressive trades gap is 5.3%, buy/sell ratio 1.11—slightly bullish, but not to the point of being crazy. 24h trading value is 101.51M; liquidity looks sufficient.
With this kind of structure, I usually don’t chase the first push. A setup where shorts are getting squeezed and then the market is pushed upward—the fuel is the shorts’ positions, not new money. I’ll wait for a pullback and see whether it can hold above the upper bound of the range. If it can’t hold, then it’s a false breakout. $龙虾