$CARV This wick has some real momentum.

It shot straight up 2.2% in 15m, volume exploded to 4.32x, and volatility Z spiked to 3.83. The key isn’t price—it’s OI.

Open interest in 1h contracts rose 2.3%, with 172K in notional value flowing in; 15m OI followed with a 0.9% increase. The anomaly percentile is 94.8%, ranking 7th across the whole pool. This kind of volume-price action doesn’t look like a hollow short squeeze—it looks more like fresh leveraged longs putting real money behind the move.

It closed firmly above the range high of nearly 20 consecutive 5m candles. The taker buy-sell delta was +3.7%, with a buy/sell ratio of 1.08. Funding rates are already in the upper end of their recent range.

24h trading volume is close to $50 million, and there’s enough depth in the pool—it’s not some wild, thinly traded coin that spikes on a single wick and disappears.

I’m not chasing it. But this setup definitely belongs on the watchlist. Funding is elevated and OI is still building; if it can pull back and hold here, then there may be a story to tell. Chasing now would just mean holding the door open for the people who got in earlier.

$CARV