$PARTI is showing some interesting action. It’s up 3.2% over 15m, with volume reaching 2.84x and OI rising in tandem by 2.2%. This strongly suggests new leveraged longs are entering—not just a false move caused by short covering. The taker buy/sell ratio is 1.21, with a 9.3% imbalance, so buyers are clearly pushing.
But note one detail: 1h OI is still down 6.73%, which means this move is being driven by short-term positions filling back in, rather than an overall expansion in positioning. The OI anomaly percentile has already reached 94.8%, ranking #11 across the entire pool and nearing historically extreme levels. Given the 24h trading volume of 36M, a notional change of 328K is significant.
My take: short-term bullish sentiment is building, but a little too quickly. From here, either a breakout on rising volume will lead to a further run, or this will just leave earlier buyers holding the bag. Don’t chase—wait to see if it can hold on a pullback.
But note one detail: 1h OI is still down 6.73%, which means this move is being driven by short-term positions filling back in, rather than an overall expansion in positioning. The OI anomaly percentile has already reached 94.8%, ranking #11 across the entire pool and nearing historically extreme levels. Given the 24h trading volume of 36M, a notional change of 328K is significant.
My take: short-term bullish sentiment is building, but a little too quickly. From here, either a breakout on rising volume will lead to a further run, or this will just leave earlier buyers holding the bag. Don’t chase—wait to see if it can hold on a pullback.