$KOMA This coin has something going on. The price is grinding slowly upward, but OI has jumped 5.6% in an hour, with nearly 1 million U in notional added. The whole pool is at an anomalous percentile of 93.3%, which clearly points to leveraged longs continuing to enter—not just spot buying pushing the price up.
The funding rate is already at a recent high percentile, and OI has stayed anomalously elevated for several consecutive periods. Structurally, this is a play driven by newly added leveraged longs. The 15m aggressive trade imbalance is 1.5%, and the buy/sell ratio is 1.03, so buyers still have the edge, but volume at just 1.06x isn't exactly explosive.
With this kind of move, the smoother the rise, the greater the risk of a squeeze later on. Personally, I'd watch for OI to start diverging from the price—that's the signal. If you're going long now, think carefully about whether you could be the one left holding the bag.
The funding rate is already at a recent high percentile, and OI has stayed anomalously elevated for several consecutive periods. Structurally, this is a play driven by newly added leveraged longs. The 15m aggressive trade imbalance is 1.5%, and the buy/sell ratio is 1.03, so buyers still have the edge, but volume at just 1.06x isn't exactly explosive.
With this kind of move, the smoother the rise, the greater the risk of a squeeze later on. Personally, I'd watch for OI to start diverging from the price—that's the signal. If you're going long now, think carefully about whether you could be the one left holding the bag.
