$INJ This rally has some real substance.
It surged 1.7% in just 15 minutes, with volume 5 times the norm and a Z-score of 2.42. This isn’t just random noise—there’s real volume driving it. Even more interesting is OI: up 4.24% over 15 minutes and 5.28% over 1 hour. Its anomaly percentile hit 100%, ranking second across the entire pool. Price is rising and OI is rising—a classic sign of new leveraged longs entering, not the false heat of short covering.
The taker volume delta is only 0.5%, with a buy/sell ratio of 1.01, so this isn’t one-sided aggressive buying yet. It looks more like someone is building a position gradually, with leverage piling up faster than the price. 24-hour trading volume is just over $100 million, and market depth can hold up for now. But with OI growing at a rate near historical extremes, it’s worth keeping a close eye on.
Either someone knows something in advance, or this is the buildup before a short squeeze. Either way, I’m not chasing here—I’ll wait for a pullback and see how well it holds.
It surged 1.7% in just 15 minutes, with volume 5 times the norm and a Z-score of 2.42. This isn’t just random noise—there’s real volume driving it. Even more interesting is OI: up 4.24% over 15 minutes and 5.28% over 1 hour. Its anomaly percentile hit 100%, ranking second across the entire pool. Price is rising and OI is rising—a classic sign of new leveraged longs entering, not the false heat of short covering.
The taker volume delta is only 0.5%, with a buy/sell ratio of 1.01, so this isn’t one-sided aggressive buying yet. It looks more like someone is building a position gradually, with leverage piling up faster than the price. 24-hour trading volume is just over $100 million, and market depth can hold up for now. But with OI growing at a rate near historical extremes, it’s worth keeping a close eye on.
Either someone knows something in advance, or this is the buildup before a short squeeze. Either way, I’m not chasing here—I’ll wait for a pullback and see how well it holds.