$1000BONK is making an interesting move: it’s up 1.94% in 15m, with volume running at 4.39x its usual level and a Z-score of 5.55—this is no ordinary wobble.
The key is that OI is rising along with it: +0.37% over 15m and +0.22% over 1h, with notional change increasing across both timeframes. Price and open interest are moving up together, which looks more like new leveraged longs entering than a short-covering spike. The OI anomaly percentile has already reached 97.6%, ranking
#5 across the entire pool, and the trend has continued for several consecutive periods. Things are getting a bit extreme here.
The closing price has just broken above the high of the last 20 5m candles. Aggressive trade flow is +20%, and the buy/sell ratio is 1.50, showing clear buying pressure. 24h trading volume is 15.13M, and depth has also confirmed the move.
The one thing to watch out for: OI is in historically extreme territory, and if longs get too crowded, a pullback could come quickly. If you chase this move, set your own stop-loss—don’t go all-in at this level.