$ARK This 15m move is up 5.72%. The volume directly reached 3.83x, and OI on the 15m is also rising in sync.
What’s interesting is that the funding rate has already reached a high percentile recently. OI on the 1h is actually seeing a slight net outflow, but the nominal change is still +8.61%—which suggests this move is more like new longs entering rather than shorts covering to push it up.
Buy vs. sell is 1.03, fairly neutral—there’s a flavor of volume leading price.
In the past 24h, turnover is over 300 million, and the depth is sufficient. With funding this high, anyone chasing longs should be careful about getting stuck at high levels, though this kind of structure often doesn’t end in a single wave.
First, see whether it can hold steady on the 15m—don’t chase the price up.
What’s interesting is that the funding rate has already reached a high percentile recently. OI on the 1h is actually seeing a slight net outflow, but the nominal change is still +8.61%—which suggests this move is more like new longs entering rather than shorts covering to push it up.
Buy vs. sell is 1.03, fairly neutral—there’s a flavor of volume leading price.
In the past 24h, turnover is over 300 million, and the depth is sufficient. With funding this high, anyone chasing longs should be careful about getting stuck at high levels, though this kind of structure often doesn’t end in a single wave.
First, see whether it can hold steady on the 15m—don’t chase the price up.