$BTW This open interest has me doing a double take.
15-minute OI is up a whopping 7,340%, with a notional change of just over 90M and an anomaly percentile of 99.4%, ranking #89 across the entire pool. Meanwhile, price is falling: -1.41% over 15 minutes, a buy/sell ratio of 0.90, and an aggressive trade imbalance of -5.4%.
A classic case of price falling while open interest rises. This kind of setup means either someone knows something in advance, or bears are using leverage to bet on a top. The 1-hour OI is still negative, which suggests these positions that just came in are very new, very rushed, and very intentional.
I’m staying out for now. Let’s see if these bears can withstand the next wick.
15-minute OI is up a whopping 7,340%, with a notional change of just over 90M and an anomaly percentile of 99.4%, ranking #89 across the entire pool. Meanwhile, price is falling: -1.41% over 15 minutes, a buy/sell ratio of 0.90, and an aggressive trade imbalance of -5.4%.
A classic case of price falling while open interest rises. This kind of setup means either someone knows something in advance, or bears are using leverage to bet on a top. The 1-hour OI is still negative, which suggests these positions that just came in are very new, very rushed, and very intentional.
I’m staying out for now. Let’s see if these bears can withstand the next wick.