$PYTH There's something interesting here.
Price is down less than 1% over 15m, but OI keeps pushing higher across both the 15m and 1h timeframes, with notional changes also growing. Volume is 3.23x normal.
Price down + OI up: a classic sign of leveraged shorts entering, not spot selling.
Aggressive trade imbalance is -1.6%, and the buy/sell ratio is 0.97. Sellers have a slight edge, but it's nothing extreme. Anomaly percentile is 78%, ranked #18 across the entire pool, and depth confirmation has held across multiple consecutive periods.
With this kind of setup, I usually don't rush to take a side. Shorts are adding leverage, but if price holds here and doesn't keep moving lower, the conditions for a squeeze are gradually building.
Keep an eye on it.
Price is down less than 1% over 15m, but OI keeps pushing higher across both the 15m and 1h timeframes, with notional changes also growing. Volume is 3.23x normal.
Price down + OI up: a classic sign of leveraged shorts entering, not spot selling.
Aggressive trade imbalance is -1.6%, and the buy/sell ratio is 0.97. Sellers have a slight edge, but it's nothing extreme. Anomaly percentile is 78%, ranked #18 across the entire pool, and depth confirmation has held across multiple consecutive periods.
With this kind of setup, I usually don't rush to take a side. Shorts are adding leverage, but if price holds here and doesn't keep moving lower, the conditions for a squeeze are gradually building.
Keep an eye on it.