$T This 15-minute surge was a bit sharp. A 1.91% move isn't outrageous, but a 36x jump in volume is noteworthy. OI is up 2.29% over 15 minutes, and it's also rising over the past hour. Price and open interest are climbing together, which looks more like new leveraged longs entering than a short-covering spike.
The OI anomaly percentile hit 100%, ranking first across the entire pool, and it has stayed there for several consecutive periods. The taker buy/sell ratio is 1.30, showing a clear tilt toward buyers. However, 24-hour trading volume is only a little over 6M, so liquidity is thin. If longs get crowded in this kind of setup, a sharp reversal wick could be unforgiving.
We're approaching historically extreme levels. If you chase longs, don't skimp on your stop-loss.
The OI anomaly percentile hit 100%, ranking first across the entire pool, and it has stayed there for several consecutive periods. The taker buy/sell ratio is 1.30, showing a clear tilt toward buyers. However, 24-hour trading volume is only a little over 6M, so liquidity is thin. If longs get crowded in this kind of setup, a sharp reversal wick could be unforgiving.
We're approaching historically extreme levels. If you chase longs, don't skimp on your stop-loss.