There’s something interesting about $MORPHO at this level.
It jumped 1.41% over 15 minutes, with volume surging to 2.95x and a volatility Z-score of 2.99. It also closed above the high of the previous 20 five-minute candles. The aggressive trade delta was +21%, the buy/sell ratio was 1.53, and OI rose along with the price—more suggestive of new leveraged longs entering than shorts being forced to cover.
The OI anomaly ranked in the 99.6th percentile, #2 across the entire pool. The funding rate was also near its recent highs and remained elevated over multiple periods. This combination of an extreme reading and confirmation from order-book depth is uncommon.
It jumped 1.41% over 15 minutes, with volume surging to 2.95x and a volatility Z-score of 2.99. It also closed above the high of the previous 20 five-minute candles. The aggressive trade delta was +21%, the buy/sell ratio was 1.53, and OI rose along with the price—more suggestive of new leveraged longs entering than shorts being forced to cover.
The OI anomaly ranked in the 99.6th percentile, #2 across the entire pool. The funding rate was also near its recent highs and remained elevated over multiple periods. This combination of an extreme reading and confirmation from order-book depth is uncommon.