PUMP is showing some serious activity on the 15m: volume surged to 3.84x, and the close broke above the highs of nearly 20 recent 5m candles. The taker buy/sell ratio is 1.29, so the bullish bias is pretty clear. 15m OI edged up 0.18%, with notional up 933K. With price moving higher too, this looks more like new leveraged longs entering than a hollow squeeze from short covering.
However, 1h OI is down 36.83%, with notional dropping by 51M+. That’s a pretty brutal flush—did leverage have to get mostly cleared out before the rally could start? Its anomaly percentile is 87.5%, ranking #32 across the whole pool for anomalies and #11 for notional change. 24h trading volume is 323 million, so both activity and liquidity are solid.
First, let’s see whether this move can hold above the range high. If it can’t, it’s still just a spike.
However, 1h OI is down 36.83%, with notional dropping by 51M+. That’s a pretty brutal flush—did leverage have to get mostly cleared out before the rally could start? Its anomaly percentile is 87.5%, ranking #32 across the whole pool for anomalies and #11 for notional change. 24h trading volume is 323 million, so both activity and liquidity are solid.
First, let’s see whether this move can hold above the range high. If it can’t, it’s still just a spike.