$PIXEL has some interesting action.
It jumped 6% in 15 minutes, with volume hitting 2.1x. OI rose 6.68% in an hour and 2.64% over 15 minutes—price and open interest are moving up together. This doesn’t look like a one-off short squeeze; it looks more like new longs piling in.
The taker buy/sell imbalance is 14.4%, the buy/sell ratio is 1.34, and the funding rate has climbed to a recent high percentile. OI anomaly percentile: 98.2%, the highest across the whole pool.
It just broke above the highs of the last 20 five-minute candles. 24-hour trading volume is a little over 20M, so the order book isn’t very deep. With this setup, it either keeps accelerating or this is the final leg of a short-term blow-off. Either way, I wouldn’t chase it here—I’d wait to see if it can hold these levels.
It jumped 6% in 15 minutes, with volume hitting 2.1x. OI rose 6.68% in an hour and 2.64% over 15 minutes—price and open interest are moving up together. This doesn’t look like a one-off short squeeze; it looks more like new longs piling in.
The taker buy/sell imbalance is 14.4%, the buy/sell ratio is 1.34, and the funding rate has climbed to a recent high percentile. OI anomaly percentile: 98.2%, the highest across the whole pool.
It just broke above the highs of the last 20 five-minute candles. 24-hour trading volume is a little over 20M, so the order book isn’t very deep. With this setup, it either keeps accelerating or this is the final leg of a short-term blow-off. Either way, I wouldn’t chase it here—I’d wait to see if it can hold these levels.