$PYTH This move is kind of interesting: up 1.06% on the 15m chart doesn’t look impressive at first glance, but the abnormal OI percentile has already reached 99.2%, ranking 7th in the entire pool. Price is up and OI is rising at the same time, which strongly suggests new leveraged longs are entering.
The active trading imbalance is 26.6%, the buy/sell ratio is 1.73, and the close even broke above the upper edge of the last 20 five-minute candles. Volume at 1.76x is also decent. OI has stayed in the abnormal zone for several consecutive cycles, so this isn’t the kind of fleeting opportunity that disappears right away.
The 24h trading volume is only 23.74M, so the pool isn’t very deep. At this spot, it will either keep being pushed higher by leverage, or it’s the calm before a squeeze. I’m watching for now to see whether longs dare to add more here.
The active trading imbalance is 26.6%, the buy/sell ratio is 1.73, and the close even broke above the upper edge of the last 20 five-minute candles. Volume at 1.76x is also decent. OI has stayed in the abnormal zone for several consecutive cycles, so this isn’t the kind of fleeting opportunity that disappears right away.
The 24h trading volume is only 23.74M, so the pool isn’t very deep. At this spot, it will either keep being pushed higher by leverage, or it’s the calm before a squeeze. I’m watching for now to see whether longs dare to add more here.
