$BEAMX This move has some substance. It jumped 1.87% in 15m, with volume reaching 3.74 times normal and a Z-score of 2.47—this isn't just a random wiggle.
The key is that OI rose along with it: +0.37% over 15m and +0.44% over 1h, with notional changes also increasing. The anomaly percentile is 89.7%, ranking it #4 across the entire pool. Price up, open interest up—a classic sign of new leveraged longs entering, not the false rally you get from short covering.
It also closed above the upper bound of the last 20 5m candles. Aggressive trade delta was 23.6%, the buy/sell ratio was 1.62, and the funding rate is also at a recent high percentile. The move has continued for several consecutive periods, depth confirmation has passed, volume is above normal, and there's a directional bias.
24h trading volume is 55.81M—not a big pool, but the structure of this move is pretty clean. Whether to chase it is another question, but at least this isn't the kind of move that fizzles out after one candle.
The key is that OI rose along with it: +0.37% over 15m and +0.44% over 1h, with notional changes also increasing. The anomaly percentile is 89.7%, ranking it #4 across the entire pool. Price up, open interest up—a classic sign of new leveraged longs entering, not the false rally you get from short covering.
It also closed above the upper bound of the last 20 5m candles. Aggressive trade delta was 23.6%, the buy/sell ratio was 1.62, and the funding rate is also at a recent high percentile. The move has continued for several consecutive periods, depth confirmation has passed, volume is above normal, and there's a directional bias.
24h trading volume is 55.81M—not a big pool, but the structure of this move is pretty clean. Whether to chase it is another question, but at least this isn't the kind of move that fizzles out after one candle.