$ZRO This 15-minute move is quite decisive. The price is up 1.53%, and the trading volume directly surged to over 7 times, but the aggressive order flow is still -0.2%, with a buy-sell ratio of 1.00. This suggests there isn’t much spot liquidity being chased; it’s mainly the futures side that’s moving.
The OI data is even more straightforward: 15-minute +1.81%, 1-hour +2.21%, with a cumulative notional change of 2.5M USDT. The anomalous percentile has already reached 99.2%—second in the whole pool—and it’s been continuing across several consecutive cycles. The funding rate is also sitting at a recent high.
This structure looks more like newly added leveraged longs pushing the market, not that kind of fake pump from short covering. Now ZRO’s position is not far from the historical extreme zone. Next, we need to watch whether the funding rate keeps pressuring higher, or whether a sudden long squeeze/panic liquidation comes in.
The OI data is even more straightforward: 15-minute +1.81%, 1-hour +2.21%, with a cumulative notional change of 2.5M USDT. The anomalous percentile has already reached 99.2%—second in the whole pool—and it’s been continuing across several consecutive cycles. The funding rate is also sitting at a recent high.
This structure looks more like newly added leveraged longs pushing the market, not that kind of fake pump from short covering. Now ZRO’s position is not far from the historical extreme zone. Next, we need to watch whether the funding rate keeps pressuring higher, or whether a sudden long squeeze/panic liquidation comes in.