$MEGA This wick has pierced above the 90th percentile.
15m volume is over 3x higher, pushing straight through the upper end of the last 20 or so 5m candles. The taker buy/sell ratio is 1.13—and suddenly things are heating up. The interesting part is OI: up 0.2% over 15m, but only 0.07% over 1h, with just over a hundred thousand U in notional added. Too early to say fresh leverage is rushing in. It looks more like a previously quiet market got sparked, and existing longs added a little to their positions.
The anomaly percentile is 96.2%, ranking 4th across the entire pool. Depth is reasonably solid, but with only 14 million U in 24h trading volume, this is still a relatively small pool that a few large orders can move. I generally wouldn’t chase the breakout candle in this setup; let’s see if it can hold above the range on lower volume before drawing any conclusions.
The funding rate has already climbed to a recent high, and more traders are chasing longs. Now we’ll see whether there’s real buying support—or whether this is just another 15-minute firework.
15m volume is over 3x higher, pushing straight through the upper end of the last 20 or so 5m candles. The taker buy/sell ratio is 1.13—and suddenly things are heating up. The interesting part is OI: up 0.2% over 15m, but only 0.07% over 1h, with just over a hundred thousand U in notional added. Too early to say fresh leverage is rushing in. It looks more like a previously quiet market got sparked, and existing longs added a little to their positions.
The anomaly percentile is 96.2%, ranking 4th across the entire pool. Depth is reasonably solid, but with only 14 million U in 24h trading volume, this is still a relatively small pool that a few large orders can move. I generally wouldn’t chase the breakout candle in this setup; let’s see if it can hold above the range on lower volume before drawing any conclusions.
The funding rate has already climbed to a recent high, and more traders are chasing longs. Now we’ll see whether there’s real buying support—or whether this is just another 15-minute firework.