$PUMPBTC 's 15m candle moved up a little too fast. It climbed 4 points, with volume surging straight to 2.38x, and aggressive buying was clearly skewed too—the 1.43 buy/sell ratio is no small thing in this kind of volatility.
The OI is even more interesting: it's rising on both the 15m and 1h charts. Price up, open interest up—this is clearly fresh leveraged longs rushing in, not the hollow story of shorts covering. Funding has already been pushed to +0.36%, at the 98th percentile. At this point... long sentiment is getting pretty crowded.
It shot up to #18 in the all-pool anomaly rankings, and depth confirmation was there. But honestly, chasing at this funding level means either you're catching day one of a trend, or you're just providing exit liquidity. I'll keep an eye on it for now; no rush to make a move.
The OI is even more interesting: it's rising on both the 15m and 1h charts. Price up, open interest up—this is clearly fresh leveraged longs rushing in, not the hollow story of shorts covering. Funding has already been pushed to +0.36%, at the 98th percentile. At this point... long sentiment is getting pretty crowded.
It shot up to #18 in the all-pool anomaly rankings, and depth confirmation was there. But honestly, chasing at this funding level means either you're catching day one of a trend, or you're just providing exit liquidity. I'll keep an eye on it for now; no rush to make a move.