$HUMA This move is pretty interesting. The price is down less than 3%, but 15m volume has shot up to more than 15 times the usual level, with a Z-score of 7.82. This is clearly not retail traders at work.
OI is rising while the price is falling, the taker buy/sell ratio is 0.62, and the volume delta is -23.8%—a classic short build-up structure. This isn't longs being closed out and driving the price down; new shorts are entering.
The anomaly percentile is 98.8%, ranking third across the entire pool. It's continued for several consecutive periods, and the funding rate is also near a recent high. This combination usually means someone is making a big bet on the direction.
It just broke below the lower bound of the past 20 5m candles. 24h trading volume is only 12M, so this isn't a particularly large market. With liquidity this thin, and OI this anomalous, the next move could be a violent short squeeze—or the price could keep getting pushed down.
I'm inclined to watch two more 15m candles and wait for confirmation.
OI is rising while the price is falling, the taker buy/sell ratio is 0.62, and the volume delta is -23.8%—a classic short build-up structure. This isn't longs being closed out and driving the price down; new shorts are entering.
The anomaly percentile is 98.8%, ranking third across the entire pool. It's continued for several consecutive periods, and the funding rate is also near a recent high. This combination usually means someone is making a big bet on the direction.
It just broke below the lower bound of the past 20 5m candles. 24h trading volume is only 12M, so this isn't a particularly large market. With liquidity this thin, and OI this anomalous, the next move could be a violent short squeeze—or the price could keep getting pushed down.
I'm inclined to watch two more 15m candles and wait for confirmation.
