$ZEREBRO This chart is looking interesting.
Price is down over 3% on the 15m, and volume has jumped to 2.16x, but the taker buy/sell ratio is still 1.01—looks balanced on the surface, while OI is actually surging. Futures open interest is up nearly 11% over the past hour, with a notional change of 3.38M, and it’s still climbing on the 15m.
This doesn’t look like simple long liquidations. It looks more like someone is levering up to open shorts at this level. Price down + OI up points to new shorts entering the market, and the anomaly percentile is above 85%, with the notional change ranking 22 across the entire pool.
24h trading volume is $300M, so there’s enough depth, and the volume confirms it.
Keep an eye on it. If this structure continues, either the shorts keep pushing it down, or we get a short squeeze. I’m staying out for now and letting the market choose its direction.
#ZEREBRO
Price is down over 3% on the 15m, and volume has jumped to 2.16x, but the taker buy/sell ratio is still 1.01—looks balanced on the surface, while OI is actually surging. Futures open interest is up nearly 11% over the past hour, with a notional change of 3.38M, and it’s still climbing on the 15m.
This doesn’t look like simple long liquidations. It looks more like someone is levering up to open shorts at this level. Price down + OI up points to new shorts entering the market, and the anomaly percentile is above 85%, with the notional change ranking 22 across the entire pool.
24h trading volume is $300M, so there’s enough depth, and the volume confirms it.
Keep an eye on it. If this structure continues, either the shorts keep pushing it down, or we get a short squeeze. I’m staying out for now and letting the market choose its direction.
#ZEREBRO