$牛 is showing some real strength this time.

15m volume exploded to 2.54x, the aggressive buy/sell ratio is 1.60, and the net aggressive trading volume is 23.1%—buyers are really chewing through the offers. Price has moved above the top of the last 20 5m candles, alongside OI up 0.40% over 1h and 0.11% over 15m. This looks like new leveraged longs entering, not a hollow pump from shorts covering.

The funding rate is already in a high percentile for recent levels, showing bullish sentiment is strong, but things haven’t reached extreme crowding yet. Pool-wide anomaly rank #8, notional change rank #32, and depth confirmation all check out—the four legs of volume, price level, direction, and funding are all holding up.

With 31M in 24h trading volume, this isn’t a particularly large market, so once this kind of setup gets going, it can easily get pushed along. But be cautious about chasing when funding is high; don’t jump in right when sentiment is hottest.

First, let’s see if it can hold above this level.