$ZEST This market setup is getting interesting.
The price is down 1.7% over 15m, but OI isn’t falling—it’s rising: +2.14% over 15m, +2.00% over 1h, and it’s been building for several periods in a row. The notional change is negative, which means OI is up while market cap is shrinking—a classic short buildup, not longs holding the line.
More importantly, the taker flow imbalance is -20.1%, the buy/sell ratio is 0.66, and volume is more than 16 times normal. This isn’t retail trading; it’s sustained, directional selling.
The OI anomaly percentile is 95.2%, ranked #28 across the whole pool, putting it close to its own historical extremes. Shorting at these levels is becoming less attractive, but there are no signs yet that the trend is running out of steam. The more leveraged shorts pile up, the greater the potential for a short squeeze later.
Keep an eye on it. No need to rush in.
The price is down 1.7% over 15m, but OI isn’t falling—it’s rising: +2.14% over 15m, +2.00% over 1h, and it’s been building for several periods in a row. The notional change is negative, which means OI is up while market cap is shrinking—a classic short buildup, not longs holding the line.
More importantly, the taker flow imbalance is -20.1%, the buy/sell ratio is 0.66, and volume is more than 16 times normal. This isn’t retail trading; it’s sustained, directional selling.
The OI anomaly percentile is 95.2%, ranked #28 across the whole pool, putting it close to its own historical extremes. Shorting at these levels is becoming less attractive, but there are no signs yet that the trend is running out of steam. The more leveraged shorts pile up, the greater the potential for a short squeeze later.
Keep an eye on it. No need to rush in.