$OPN 1 hours turnover amount reached 3.06x the 24h average, but the aggressive buy-sell ratio is only 0.901—volume is amplifying, while the ones getting “filled” are the sellers!
Current price 0.06012 is sticking near the 24h high 0.06032. In the past hour it rose from 0.05871 to 0.06012, while the position value increased to 4.589 million (+4.1%) at the same time. When price rises and positions increase, it’s usually bullish. However, with the buy-sell ratio at 0.901, and over the last ~15 minutes it dropping to 0.708, the sellers are eating harder and harder—fees are up by +0.005%, and the longs are still paying.
With the surge on heavy volume, sell-side pressure dominates inside the move; it looks more like someone is distributing using borrowed liquidity.
As long as it doesn’t fall below 0.05871 from one hour ago, the bullish interpretation holds; if it breaks below the 24h low of 0.05241, the setup is invalid.
#OPN
Current price 0.06012 is sticking near the 24h high 0.06032. In the past hour it rose from 0.05871 to 0.06012, while the position value increased to 4.589 million (+4.1%) at the same time. When price rises and positions increase, it’s usually bullish. However, with the buy-sell ratio at 0.901, and over the last ~15 minutes it dropping to 0.708, the sellers are eating harder and harder—fees are up by +0.005%, and the longs are still paying.
With the surge on heavy volume, sell-side pressure dominates inside the move; it looks more like someone is distributing using borrowed liquidity.
As long as it doesn’t fall below 0.05871 from one hour ago, the bullish interpretation holds; if it breaks below the 24h low of 0.05241, the setup is invalid.
#OPN
