$BANK This move on the 15m pulled up 1.65% with volume. There was also a 1.52x increase in turnover amplification, and the price managed to break above the highs of 20 of the 5m candles—on the surface it looks like something might be about to happen.
But don’t get carried away yet. OI is actually shrinking: the 15m contract is -0.47%, and the 1h is also -0.78%. Price is moving up while positions are being reduced. In plain terms, this looks more like short sellers are fleeing rather than fresh money piling in to push it higher.
The aggressive trade spread reached 16.8%, with the buy-order share at 1.41:1—so yes, there are definitely participants actively buying and covering at this level. There are 26 abnormal orders across the whole pool, and the nominal change is also relatively high (#15). There’s clearly no lack of attention from capital.
In the last 24h, turnover was 158 million, so liquidity isn’t the issue. The key is whether OI can stop falling and start to rise again. If it’s a short-covering move, after the bounce there’s a good chance it will pause. If you really want to see a trend, you need to see positions follow through.
Don’t chase. Wait for the structure.
But don’t get carried away yet. OI is actually shrinking: the 15m contract is -0.47%, and the 1h is also -0.78%. Price is moving up while positions are being reduced. In plain terms, this looks more like short sellers are fleeing rather than fresh money piling in to push it higher.
The aggressive trade spread reached 16.8%, with the buy-order share at 1.41:1—so yes, there are definitely participants actively buying and covering at this level. There are 26 abnormal orders across the whole pool, and the nominal change is also relatively high (#15). There’s clearly no lack of attention from capital.
In the last 24h, turnover was 158 million, so liquidity isn’t the issue. The key is whether OI can stop falling and start to rise again. If it’s a short-covering move, after the bounce there’s a good chance it will pause. If you really want to see a trend, you need to see positions follow through.
Don’t chase. Wait for the structure.