$EVAA This wave of longs is building up leverage pretty aggressively. Up 3.32% over 15m, with OI rising in tandem by 3.34%; over 1h, it's up even more, by 5.31%. Price and open interest are moving together—a classic sign of leveraged longs building positions, not shorts being squeezed out.
The OI anomaly percentile is 97.2%, ranking #3 across the entire pool. The funding rate is also in a high percentile recently, and this has persisted for several consecutive periods. The aggressive trade delta is 6.8%, with a buy/sell ratio of 1.14, so buyers are definitely applying pressure.
The structure looks fine, but price is already near a historically extreme range. I generally wouldn't chase the first candle at this level; I'd wait to see if OI stops expanding. Either it keeps accelerating upward and breaks away, or a liquidation wick hits—either could happen quickly.
The OI anomaly percentile is 97.2%, ranking #3 across the entire pool. The funding rate is also in a high percentile recently, and this has persisted for several consecutive periods. The aggressive trade delta is 6.8%, with a buy/sell ratio of 1.14, so buyers are definitely applying pressure.
The structure looks fine, but price is already near a historically extreme range. I generally wouldn't chase the first candle at this level; I'd wait to see if OI stops expanding. Either it keeps accelerating upward and breaks away, or a liquidation wick hits—either could happen quickly.