$ICNT is looking interesting here: the price is up 3 points, and OI is surging along with it, rising on both the 15m and 1h charts. This isn’t short covering—new longs are entering and taking on leverage. The taker buy/sell ratio is 1.29, and volume has picked up too. Price and volume are moving in pretty good sync.
What really stands out is that the OI anomaly percentile has hit 98.8%, second-highest across the entire pool. An extreme reading like this can either be a precursor to an accelerating move or a warning sign that the trade is getting crowded. If you’re chasing longs, think carefully about whether you’re here for a small gain or about to become exit liquidity.
I’ll mark this as one to watch for now and won’t rush into a trade.
What really stands out is that the OI anomaly percentile has hit 98.8%, second-highest across the entire pool. An extreme reading like this can either be a precursor to an accelerating move or a warning sign that the trade is getting crowded. If you’re chasing longs, think carefully about whether you’re here for a small gain or about to become exit liquidity.
I’ll mark this as one to watch for now and won’t rush into a trade.