$OGN This one is a bit interesting. Price “pulled” with the 15m chart, rising 4.5%, but volume is only 0.73x—volume didn’t keep up. It’s the kind of “light pull” structure.
The real signal is on the perp side—OI (1h) up +10.14%, notional change 3.29M, and the 15m is still adding, +2.71%. Price is up and OI is up too—classic leveraged long positions are building, not shorts being passively pushed.
It’s at the 98.2% percentile, within the whole pool #5, notional change #3. It has been continuing across multiple consecutive periods. Active volume is down 5.8%, buy/sell ratio is 1.12—slightly bullish, but not extreme.
Funding rates have already been in the higher percentiles recently. At this position, either it’s an acceleration before a trend starts, or it’s crowded and due for a wash soon.
24h trading value is 55M; the pool isn’t that deep. Once OI comes in with this kind of slope, amplified volatility is only a matter of time.
I won’t guess the direction, but this structure is worth keeping a close eye on.
The real signal is on the perp side—OI (1h) up +10.14%, notional change 3.29M, and the 15m is still adding, +2.71%. Price is up and OI is up too—classic leveraged long positions are building, not shorts being passively pushed.
It’s at the 98.2% percentile, within the whole pool #5, notional change #3. It has been continuing across multiple consecutive periods. Active volume is down 5.8%, buy/sell ratio is 1.12—slightly bullish, but not extreme.
Funding rates have already been in the higher percentiles recently. At this position, either it’s an acceleration before a trend starts, or it’s crowded and due for a wash soon.
24h trading value is 55M; the pool isn’t that deep. Once OI comes in with this kind of slope, amplified volatility is only a matter of time.
I won’t guess the direction, but this structure is worth keeping a close eye on.