$HEMI is looking interesting: price is up 2.86%, and OI is climbing in tandem—+2.33% over 15m and +1.23% over 1h. This isn't a hollow pump from short covering; new leveraged longs are entering.
What's more worth watching is that the OI anomaly percentile has hit 97%, ranking #3 across the whole pool, with a notional change of #18 . The funding rate is also in a high percentile recently and has stayed there for several consecutive periods.
This kind of setup is either a build-up ahead of a trend breakout or a sign of an overcrowded trade. 24h volume is only 19.41M, and market depth isn't very thick. Aggressive buys account for 9.5%, with a buy/sell ratio of 1.21—bullish, but not euphoric.
Personally, I'd first watch to see whether it can break above the previous high on strong volume. If OI keeps building while the price stalls, it's time to be cautious.
What's more worth watching is that the OI anomaly percentile has hit 97%, ranking #3 across the whole pool, with a notional change of #18 . The funding rate is also in a high percentile recently and has stayed there for several consecutive periods.
This kind of setup is either a build-up ahead of a trend breakout or a sign of an overcrowded trade. 24h volume is only 19.41M, and market depth isn't very thick. Aggressive buys account for 9.5%, with a buy/sell ratio of 1.21—bullish, but not euphoric.
Personally, I'd first watch to see whether it can break above the previous high on strong volume. If OI keeps building while the price stalls, it's time to be cautious.