$JCT has some interesting action. It surged 8 points in 15m, with volume reaching 2.26 times normal. The key is that OI is rising in sync—up 0.62% in 15m and nearly 1% in 1h. Its notional change ranked in the top six across the pool over the past hour. This doesn't look like simple short covering; it looks more like new leveraged longs entering.
Price just closed above the top of the recent 20-candle 5m range. The taker buy/sell imbalance is 7.6%, and the buy/sell ratio is 1.17, so buyers have the upper hand. Its anomaly percentile is 90.1%, ranking eighth across the pool, and it has persisted for several consecutive periods. That kind of follow-through looks better than a single-candle spike.
The 24h trading volume has already reached 770 million, and market depth seems solid. Still, with OI building this quickly, anyone chasing the move should be aware that a reversal could trigger a rapid leveraged unwind. For now, I'll watch whether price can hold above the range high and stay above it on a retest. If it breaks back below, then we can talk about continuation.
Price just closed above the top of the recent 20-candle 5m range. The taker buy/sell imbalance is 7.6%, and the buy/sell ratio is 1.17, so buyers have the upper hand. Its anomaly percentile is 90.1%, ranking eighth across the pool, and it has persisted for several consecutive periods. That kind of follow-through looks better than a single-candle spike.
The 24h trading volume has already reached 770 million, and market depth seems solid. Still, with OI building this quickly, anyone chasing the move should be aware that a reversal could trigger a rapid leveraged unwind. For now, I'll watch whether price can hold above the range high and stay above it on a retest. If it breaks back below, then we can talk about continuation.