$SKY This move looks meaningful. The 15m rally is close to 1%, volume has risen to 1.54x, the taker buy/sell ratio is 2.45, and the net taker volume is 42%—buying pressure is clearly stronger.
The key is OI: +0.19% over 15m and +1.32% over 1h, with a notional change of 586K. Its anomaly percentile is 92.5%, ranking 4th across the entire pool, and the trend has continued across multiple timeframes. Price is rising alongside OI, which looks more like new leveraged longs entering than a short-covering rally.
The close also broke above the highs of the last 20 5m candles, with volume above normal, which is structurally more confirmatory. 24h trading volume is 21.86M, and liquidity is adequate.
Watch whether the bulls can keep pushing. If OI keeps building but price stops accelerating, be cautious.
The key is OI: +0.19% over 15m and +1.32% over 1h, with a notional change of 586K. Its anomaly percentile is 92.5%, ranking 4th across the entire pool, and the trend has continued across multiple timeframes. Price is rising alongside OI, which looks more like new leveraged longs entering than a short-covering rally.
The close also broke above the highs of the last 20 5m candles, with volume above normal, which is structurally more confirmatory. 24h trading volume is 21.86M, and liquidity is adequate.
Watch whether the bulls can keep pushing. If OI keeps building but price stops accelerating, be cautious.