$BTW made a pretty sharp move here, surging nearly 5% in just 15 minutes, with volume hitting 11.8x. But open interest actually fell—price up, OI down—a classic short squeeze, not fresh longs entering.
The aggressive buy/sell imbalance is 12.8%; buyers are definitely chasing, but keep this market structure in mind. The OI anomaly percentile is already at 99.4%, near the top of the entire pool, which suggests this isn’t just a random move—someone’s getting squeezed out.
24-hour trading volume is only 78M, so liquidity isn’t particularly deep. It can rise quickly, but it can also pull back just as fast. If you chase the rally, don’t set your stop-loss too far away.
The aggressive buy/sell imbalance is 12.8%; buyers are definitely chasing, but keep this market structure in mind. The OI anomaly percentile is already at 99.4%, near the top of the entire pool, which suggests this isn’t just a random move—someone’s getting squeezed out.
24-hour trading volume is only 78M, so liquidity isn’t particularly deep. It can rise quickly, but it can also pull back just as fast. If you chase the rally, don’t set your stop-loss too far away.