ENA's 15m candle is looking interesting.
Price jumped 2%, volume shot straight up to 2.08x, and the Z-score hit 4.41. This isn't some fake move that's slowly grinding along. More importantly, OI is rising along with it—up 0.11% on the 15m and 0.10% on the 1h, with notional changes above 2.5M. The anomaly percentile hit 95.2%, ranking 7th across the entire pool for anomalies and 3rd for notional change.
This isn't something short covering can explain; it looks more like fresh leveraged longs entering the market.
The taker volume delta is 23.8%, the buy/sell ratio is 1.62, and the funding rate is also in a high percentile recently. The closing price just broke above the upper end of the last 20 5m candles. 24h trading volume is 354M, and liquidity is sufficient.
It's been continuing for several consecutive periods, not just a one-candle spike. I'll watch to see if this move can hold—hopefully it doesn't just wick up and fade.
Price jumped 2%, volume shot straight up to 2.08x, and the Z-score hit 4.41. This isn't some fake move that's slowly grinding along. More importantly, OI is rising along with it—up 0.11% on the 15m and 0.10% on the 1h, with notional changes above 2.5M. The anomaly percentile hit 95.2%, ranking 7th across the entire pool for anomalies and 3rd for notional change.
This isn't something short covering can explain; it looks more like fresh leveraged longs entering the market.
The taker volume delta is 23.8%, the buy/sell ratio is 1.62, and the funding rate is also in a high percentile recently. The closing price just broke above the upper end of the last 20 5m candles. 24h trading volume is 354M, and liquidity is sufficient.
It's been continuing for several consecutive periods, not just a one-candle spike. I'll watch to see if this move can hold—hopefully it doesn't just wick up and fade.