$SOXL 24h rose 9.478%, price 164.43 hovering right near the 24h high of 165.88. In one hour, the open position value surged 7.48%—but the funding rate is -0.0254%, so shorts are paying longs!
In the past hour, trading volume is 1.9x the 24h average; the buy/sell ratio is 1.104 for active trading, and 1.061 still holds at the 15-minute mark—buy-side is eating the orders. Increasing positions and buying advantage is tilted toward the buyers. Someone is pushing the price up with real money, not shorts covering.
Only after reclaiming above 160.63 can we say the bulls still hold the initiative; if it breaks below the 24h low of 144.41, then this move has to be re-priced.
#SOXL
In the past hour, trading volume is 1.9x the 24h average; the buy/sell ratio is 1.104 for active trading, and 1.061 still holds at the 15-minute mark—buy-side is eating the orders. Increasing positions and buying advantage is tilted toward the buyers. Someone is pushing the price up with real money, not shorts covering.
Only after reclaiming above 160.63 can we say the bulls still hold the initiative; if it breaks below the 24h low of 144.41, then this move has to be re-priced.
#SOXL
