Morning pump watch from about 13 hours ago · Second review of bullish picks: 0 of the 3 bullish picks from this morning played out. KERNEL is still in a tug-of-war, while BMT and GTC have both fizzled out. None of the three followed through.
Recap of the initial watch: supply is tightening.
KERNEL: Still in a tug-of-war. The bullish call from this morning hasn't played out, and neither price action nor the capital structure has confirmed a one-way move.
Since the initial post, the price has fallen 2.08%, showing that the trend hasn't continued in the bullish direction.
Open interest has fallen 4.33%, showing that positions haven't followed through.
Aggressive buying has improved only slightly, which is not enough for now to reverse the simultaneous weakness in price and open interest.
BMT: Fizzled out. The bullish call from this morning hasn't played out, and the pullback has clearly weakened the original direction.
Since the initial post, the price has fallen 8.49%, showing that the rally failed to continue.
Open interest has fallen 10.04%, showing that new positions haven't come in.
Although aggressive buying has improved, this hasn't yet translated into a recovery in both price and open interest.
GTC: Fizzled out. The bullish call from this morning hasn't played out, and price, open interest, and aggressive buying are all lagging.
Since the initial post, the price has fallen 8.60%, showing that the trend has turned against this morning's view.
Open interest has fallen 11.23%, showing that positions continue to exit.
Aggressive buying has weakened as well, and the order book currently lacks the support needed for a bullish continuation.
Next, watch whether the price can stop falling and open interest can start growing again, while also monitoring whether aggressive buying can regain and sustain its advantage.
If the price continues to weaken and open interest falls further, that would be further evidence against this morning's bullish call, and this thesis will need to be reassessed.
Contract data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.
Recap of the initial watch: supply is tightening.
KERNEL: Still in a tug-of-war. The bullish call from this morning hasn't played out, and neither price action nor the capital structure has confirmed a one-way move.
Since the initial post, the price has fallen 2.08%, showing that the trend hasn't continued in the bullish direction.
Open interest has fallen 4.33%, showing that positions haven't followed through.
Aggressive buying has improved only slightly, which is not enough for now to reverse the simultaneous weakness in price and open interest.
BMT: Fizzled out. The bullish call from this morning hasn't played out, and the pullback has clearly weakened the original direction.
Since the initial post, the price has fallen 8.49%, showing that the rally failed to continue.
Open interest has fallen 10.04%, showing that new positions haven't come in.
Although aggressive buying has improved, this hasn't yet translated into a recovery in both price and open interest.
GTC: Fizzled out. The bullish call from this morning hasn't played out, and price, open interest, and aggressive buying are all lagging.
Since the initial post, the price has fallen 8.60%, showing that the trend has turned against this morning's view.
Open interest has fallen 11.23%, showing that positions continue to exit.
Aggressive buying has weakened as well, and the order book currently lacks the support needed for a bullish continuation.
Next, watch whether the price can stop falling and open interest can start growing again, while also monitoring whether aggressive buying can regain and sustain its advantage.
If the price continues to weaken and open interest falls further, that would be further evidence against this morning's bullish call, and this thesis will need to be reassessed.
Contract data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.