$BTW This pull is quite interesting: the price is moving up, but the OI is dropping—15m -0.02%, 1h -0.25%. To put it plainly, it doesn’t really look like new long positions entering; it looks more like short sellers being forced to close and cover.
On 15m, it’s up 1.11%, volume is 1.85 times the normal level, the buy/sell ratio is 1.31, aggressive trade difference is +13.4%, and the close is still above the upper edge of nearly 20 5m K candles. The order-book depth has been confirmed: the nominal change is the whole pool #6, the abnormal percentile is 71.8%, and the 24h trading value is 355M.
But I’m not really daring enough to chase this kind of structure. The rally pushed up by short covering is fueled by shorts’ stop-losses—not longs’ confidence. If OI doesn’t turn upward, I’ll treat it as a rebound rather than a trend.
On 15m, it’s up 1.11%, volume is 1.85 times the normal level, the buy/sell ratio is 1.31, aggressive trade difference is +13.4%, and the close is still above the upper edge of nearly 20 5m K candles. The order-book depth has been confirmed: the nominal change is the whole pool #6, the abnormal percentile is 71.8%, and the 24h trading value is 355M.
But I’m not really daring enough to chase this kind of structure. The rally pushed up by short covering is fueled by shorts’ stop-losses—not longs’ confidence. If OI doesn’t turn upward, I’ll treat it as a rebound rather than a trend.