$HMSTR These 15 minutes have been interesting. Price fell 1.48%, while OI actually rose 2.11% in a single period—clearly a structure of shorts entering with leverage. The funding rate has also climbed to a recent high, and short-side crowding is becoming worth watching.
The OI anomaly percentile is 95.4%, ranking #4 across the entire pool, and it has persisted for several consecutive periods. At this level, I wouldn’t chase shorts; instead, I’m starting to watch for conditions that could trigger a short squeeze. The taker buy/sell ratio is 1.05, and the volume delta is still positive at 2.4%, suggesting there’s support below.
With shorts piled up to this extent, any price stabilization could easily turn them into fuel. Adding it to the watchlist for now.
The OI anomaly percentile is 95.4%, ranking #4 across the entire pool, and it has persisted for several consecutive periods. At this level, I wouldn’t chase shorts; instead, I’m starting to watch for conditions that could trigger a short squeeze. The taker buy/sell ratio is 1.05, and the volume delta is still positive at 2.4%, suggesting there’s support below.
With shorts piled up to this extent, any price stabilization could easily turn them into fuel. Adding it to the watchlist for now.
