$MET This 15m move was a bit too aggressive—2.79% with 9.93x leverage. The Z value reached 7.65, directly breaking through the upper edge of about 20 of the 5m bars.
What’s interesting is the OI: 15m -0.30%, 1h -0.31%. As price moves upward, positions are actually backing off. That looks like classic short covering—this isn’t new longs pushing it higher.
But the funding rate is sitting in the recent high percentile, and proactive trade slippage is +13.4% with buy-side volume of 1.31. Those two data points also suggest leveraged longs aren’t exactly light.
The OI anomaly percentile is 99%, second in the whole pool. Nominal change ranks 48th—meaning in the pool, #48 looks like this, so what about the first 47?
Only 9.57M in trading volume over 24h, yet suddenly this kind of volume appears in a thin pool—slippage won’t look good.
After shorts have covered, next we’ll see whether there are truly fresh buyers coming in with real money. If not, that funding-rate level can easily turn into a meat grinder.
What’s interesting is the OI: 15m -0.30%, 1h -0.31%. As price moves upward, positions are actually backing off. That looks like classic short covering—this isn’t new longs pushing it higher.
But the funding rate is sitting in the recent high percentile, and proactive trade slippage is +13.4% with buy-side volume of 1.31. Those two data points also suggest leveraged longs aren’t exactly light.
The OI anomaly percentile is 99%, second in the whole pool. Nominal change ranks 48th—meaning in the pool, #48 looks like this, so what about the first 47?
Only 9.57M in trading volume over 24h, yet suddenly this kind of volume appears in a thin pool—slippage won’t look good.
After shorts have covered, next we’ll see whether there are truly fresh buyers coming in with real money. If not, that funding-rate level can easily turn into a meat grinder.