$RLC is looking interesting: it’s up 3 points in 15m, with volume surging to 4.67x normal levels and OI rising alongside it—not the kind of weak bounce you get from short covering; this looks more like new longs entering with leverage.
OI’s abnormal percentile is already at 93.3%, ranking 4th across the entire pool, and its notional change is also near the top. The funding rate has climbed to a high percentile for the recent period, while the taker buy/sell ratio is 1.18—bullish, but not yet extremely crowded.
Price is close to the upper end of its historical range, so chasing longs here risks getting wicked out, but the structure is still clearly led by bulls. 24h trading volume is 258M, with sufficient depth.
Let’s see if this volume surge holds. If it doesn’t, this could turn into a one-and-done move.
OI’s abnormal percentile is already at 93.3%, ranking 4th across the entire pool, and its notional change is also near the top. The funding rate has climbed to a high percentile for the recent period, while the taker buy/sell ratio is 1.18—bullish, but not yet extremely crowded.
Price is close to the upper end of its historical range, so chasing longs here risks getting wicked out, but the structure is still clearly led by bulls. 24h trading volume is 258M, with sufficient depth.
Let’s see if this volume surge holds. If it doesn’t, this could turn into a one-and-done move.