$BAT 15m surged suddenly, up 4.42%, but OI is falling, already down 1.94% over 1h. Price is rising while open interest is declining—a classic short squeeze, not new longs entering.
Trading volume is 4.11 times normal, with a clear skew toward aggressive buying; the buy/sell ratio is 1.44, and the close broke straight above the upper bound of the last 20 5m candles. This move looks more driven by short covering than by genuine new positions being added.
24h trading volume is nearing 185 million, and its nominal change among the pools ranks #30. The rally is quite sharp, but without OI confirmation, be cautious about chasing it—you don't want to get caught by a sudden reversal.
Trading volume is 4.11 times normal, with a clear skew toward aggressive buying; the buy/sell ratio is 1.44, and the close broke straight above the upper bound of the last 20 5m candles. This move looks more driven by short covering than by genuine new positions being added.
24h trading volume is nearing 185 million, and its nominal change among the pools ranks #30. The rally is quite sharp, but without OI confirmation, be cautious about chasing it—you don't want to get caught by a sudden reversal.