AAVE just made a move here, gaining nearly 1% over 15m, but what really caught my attention was the volume—2.98x normal, with a Z-score of 2.64. This isn’t the kind of tentative, low-key probing you often see.
What’s interesting is that OI is falling: -0.20% over 15m and -0.34% over 1h. Price is rising while open interest is declining—a classic short-covering setup. The taker buy-sell delta is +13.6%, and the buy/sell ratio is 1.32, suggesting aggressive buyers are hitting the market while shorts are getting squeezed.
Price just closed above the upper end of the last 20 five-minute candles’ range. If I were watching this live, I’d be looking to see whether it can hold above the breakout level, or whether this is just a one-off sweep around liquidation levels.
Its notional change ranks 11th across the whole pool, with an anomaly percentile of 90.3%. It’s not the most explosive move in the pool, but combined with the OI divergence, it’s at least a signal that can’t be ignored right now.
For now, I’d wait to see whether a pullback confirms the move.
What’s interesting is that OI is falling: -0.20% over 15m and -0.34% over 1h. Price is rising while open interest is declining—a classic short-covering setup. The taker buy-sell delta is +13.6%, and the buy/sell ratio is 1.32, suggesting aggressive buyers are hitting the market while shorts are getting squeezed.
Price just closed above the upper end of the last 20 five-minute candles’ range. If I were watching this live, I’d be looking to see whether it can hold above the breakout level, or whether this is just a one-off sweep around liquidation levels.
Its notional change ranks 11th across the whole pool, with an anomaly percentile of 90.3%. It’s not the most explosive move in the pool, but combined with the OI divergence, it’s at least a signal that can’t be ignored right now.
For now, I’d wait to see whether a pullback confirms the move.