$GRASS This move has some substance.
It just shot up nearly 3% in 15 minutes, with volume surging to more than 12x. The key thing is that OI is rising in sync—the 1h contract open interest is already up 1.94%, adding $1.4 million in notional value. Price up, open interest up: a classic sign of leveraged longs entering, not just a hollow spot-market pump.
The OI anomaly percentile also hit 100%, ranking second across the entire pool, while the notional change is in the top ten. This has continued for several periods in a row. The taker buy/sell ratio is 1.56, with a 21.8% difference, clearly skewed bullish.
The close just broke above the high of the last 20 five-minute candles, making this a solid confirmation of the move. 24h trading volume is $27.59 million, and the pool isn’t particularly deep. At this level, it either breaks out for real and runs, or it’s a bull trap before a wick.
I’m watching to see if it can hold above this range. If it can’t, it’ll be a giveaway.
It just shot up nearly 3% in 15 minutes, with volume surging to more than 12x. The key thing is that OI is rising in sync—the 1h contract open interest is already up 1.94%, adding $1.4 million in notional value. Price up, open interest up: a classic sign of leveraged longs entering, not just a hollow spot-market pump.
The OI anomaly percentile also hit 100%, ranking second across the entire pool, while the notional change is in the top ten. This has continued for several periods in a row. The taker buy/sell ratio is 1.56, with a 21.8% difference, clearly skewed bullish.
The close just broke above the high of the last 20 five-minute candles, making this a solid confirmation of the move. 24h trading volume is $27.59 million, and the pool isn’t particularly deep. At this level, it either breaks out for real and runs, or it’s a bull trap before a wick.
I’m watching to see if it can hold above this range. If it can’t, it’ll be a giveaway.