Someone is quietly moving leverage into SAND.

In just 15 minutes, the price has only shifted by 0.89%, and no one even bothered to change their face—but the OI is up +35% in an hour, and the notional has added $5 million. Price ticks up slightly, OI surges, and volume is up by 59x—this isn’t retail bulldozing; it’s an organized build of long positions.

The OI abnormal percentile is 99%, ranking #1 across the whole pool, and it’s been continuing for several cycles already—not a fleeting burst of noise.

The aggressive buy/sell ratio is 1.00; the breakout hasn’t started yet. What really matters is whether the price can keep up with this leverage-growth pace—if it can’t, you’ll just have a pile of longs waiting to get liquidated; if it can, then that’s the market.

The odds aren’t clear yet, so we’ll watch for now.