$CRV This spot is a bit interesting. In 15m, volume surges 3.66x; the price has pulled through the upper boundary of nearly 20 consecutive 5m candles. OI increased by almost 2% in one hour; the anomaly percentile immediately shot to 97.2%, ranking fourth in the whole pool.
When price rises together with OI rising, it suggests new leveraged long positions are being added, and the fee rate has also been pushed into the high percentile recently. But the active trade imbalance is -2.8%, with a buy/sell ratio of 0.94. This push up looks more like orders being pulled/filled rather than being actively bought higher.
It’s also not far from its historical extreme range for itself. This kind of structure is either building energy before a breakout, or it’s digging a pit for people chasing longs. I’ll first see whether it can hold steady at this boundary.
When price rises together with OI rising, it suggests new leveraged long positions are being added, and the fee rate has also been pushed into the high percentile recently. But the active trade imbalance is -2.8%, with a buy/sell ratio of 0.94. This push up looks more like orders being pulled/filled rather than being actively bought higher.
It’s also not far from its historical extreme range for itself. This kind of structure is either building energy before a breakout, or it’s digging a pit for people chasing longs. I’ll first see whether it can hold steady at this boundary.
