This GTC move is kind of interesting. In 15m it’s up 3.34%, with volume going straight up to 2.86x, but what really made me take a second look is the OI—15m +2.69%, 1h +2.25%. The nominal changes stack upward layer by layer; the abnormal percentile has already climbed to 92.3%, and the whole pool is ranked 9th.
Price up + OI up + volume keeping up—this is a typical leveraged long squeezing in, not just a simple short liquidation cascade. Taker/active trading volume is down 4.7%, buy/sell ratio is 1.10: bullish, but not to the point of going crazy.
In 24h, turnover is 82M. The pool isn’t that deep, so you should pay attention to this kind of continuous OI buildup at this level. Price is just touching the upper bound of the recent range; if it breaks out with volume, there may be another leg. If it can’t push through, then this batch of newly added leverage could become fuel for a pullback.
I’m watching to see whether there will be follow-through confirmation. Not investment advice—make your own judgment.
Price up + OI up + volume keeping up—this is a typical leveraged long squeezing in, not just a simple short liquidation cascade. Taker/active trading volume is down 4.7%, buy/sell ratio is 1.10: bullish, but not to the point of going crazy.
In 24h, turnover is 82M. The pool isn’t that deep, so you should pay attention to this kind of continuous OI buildup at this level. Price is just touching the upper bound of the recent range; if it breaks out with volume, there may be another leg. If it can’t push through, then this batch of newly added leverage could become fuel for a pullback.
I’m watching to see whether there will be follow-through confirmation. Not investment advice—make your own judgment.