$VVV This is getting interesting: it surged on volume over 15m to 1.47%, with volume 1.8x the norm, and closed above the upper edge of the range from the last 20 5m candles—it wasn’t just a wick; it closed up there.
The OI structure is more worth watching: 15m contracts barely moved, but the 1h notional change was +1.74%, at the 87.1st percentile for anomalies, ranking #19 across the entire pool. Price rose and OI followed, which looks more like new leveraged longs entering than a short-covering burst.
The taker buy-sell volume difference was 20.6%, with a buy/sell ratio of 1.52, tilting toward buyers. 24h trading volume is just over 30M, and liquidity isn’t particularly deep. If it accelerates from here, slippage could be high; on the flip side, a pullback could be sharp.
I’m not chasing the price for now. I’ll wait for a retest of the range’s upper edge and see if it holds; then I’ll decide.
The OI structure is more worth watching: 15m contracts barely moved, but the 1h notional change was +1.74%, at the 87.1st percentile for anomalies, ranking #19 across the entire pool. Price rose and OI followed, which looks more like new leveraged longs entering than a short-covering burst.
The taker buy-sell volume difference was 20.6%, with a buy/sell ratio of 1.52, tilting toward buyers. 24h trading volume is just over 30M, and liquidity isn’t particularly deep. If it accelerates from here, slippage could be high; on the flip side, a pullback could be sharp.
I’m not chasing the price for now. I’ll wait for a retest of the range’s upper edge and see if it holds; then I’ll decide.
