$1000RATS is showing some interesting action.
It rose 2.54% over 15m, with volume surging to 12.46x, but OI was actually down 1.62% over 15m and 1.66% over 1h. Price up, open interest down—a classic short-covering move, not new longs taking the wheel.
The net taker volume was +6.1%, the buy/sell ratio was 1.13, notional change was 109K, and the anomaly percentile was 85.9%, ranking #22 across the entire pool. Volume confirms the move, and there’s depth behind it.
I usually don’t chase the first move in this kind of setup. When a rally is driven by short covering, it can easily fade once the fuel runs out. But if the covering turns into longs taking over, that’s a different story. First, let’s see whether the volume can continue; then we can talk if OI turns positive again.
It rose 2.54% over 15m, with volume surging to 12.46x, but OI was actually down 1.62% over 15m and 1.66% over 1h. Price up, open interest down—a classic short-covering move, not new longs taking the wheel.
The net taker volume was +6.1%, the buy/sell ratio was 1.13, notional change was 109K, and the anomaly percentile was 85.9%, ranking #22 across the entire pool. Volume confirms the move, and there’s depth behind it.
I usually don’t chase the first move in this kind of setup. When a rally is driven by short covering, it can easily fade once the fuel runs out. But if the covering turns into longs taking over, that’s a different story. First, let’s see whether the volume can continue; then we can talk if OI turns positive again.