$ZEN This move is a bit interesting.
Price jumped 1.38%, and volume went straight up to 1.79x. OI in 15m is +1.55%, and in 1h +1.03%. It’s been stacking for several consecutive cycles. The active buy/sell ratio is 1.45, a spread of 18.5%. This doesn’t look like random retail FOMO—direction is pretty consistent.
The key is that the OI abnormal percentile is 98.6%, in the whole pool #2. At this position, it’s either the buildup before a trend starts, or the final round of leverage in an extreme range. The 24h trading value is only 18M, so the order book isn’t very thick. Even with just a 205K nominal change, the OI can be pushed to that kind of percentile—meaning the leverage sentiment has already been ignited.
I’ll watch the next few 15m candles and see whether price can hold up on the condition of continued volume expansion. If OI keeps piling up but price doesn’t rise, then be careful.
Price jumped 1.38%, and volume went straight up to 1.79x. OI in 15m is +1.55%, and in 1h +1.03%. It’s been stacking for several consecutive cycles. The active buy/sell ratio is 1.45, a spread of 18.5%. This doesn’t look like random retail FOMO—direction is pretty consistent.
The key is that the OI abnormal percentile is 98.6%, in the whole pool #2. At this position, it’s either the buildup before a trend starts, or the final round of leverage in an extreme range. The 24h trading value is only 18M, so the order book isn’t very thick. Even with just a 205K nominal change, the OI can be pushed to that kind of percentile—meaning the leverage sentiment has already been ignited.
I’ll watch the next few 15m candles and see whether price can hold up on the condition of continued volume expansion. If OI keeps piling up but price doesn’t rise, then be careful.