$ Lobster This move in 15m directly surged 5.1%, volume reached 13.58x, and the Z value is 5.21—a typical breakout burst with a needle. But take a look at the OI: on 15m it decreased by 1.66%, and on 1h it decreased by 2.22%. Price is up, but open interest is down—doesn’t that match the standard playbook for short covering?
The OI anomaly percentile is 94.2%, ranked #22 in the whole pool, with a nominal change of #5. Depth and volume both confirm it. The aggressive buy/sell ratio is 1.52, and the bid side is tilted at 20.7%, indicating that some capital is actively taking the order flow. 24h trading value is 72.99M, and liquidity isn’t too bad.
In this kind of structure, breakouts upward are often driven by shorts being forced to cover—not by fresh long positions entering. After the shorts cover, if OI doesn’t rise back up, it’s hard to say how much of this rally can be held. If you’re chasing higher prices, weigh it yourself—don’t end up being the one left holding the bag.
The OI anomaly percentile is 94.2%, ranked #22 in the whole pool, with a nominal change of #5. Depth and volume both confirm it. The aggressive buy/sell ratio is 1.52, and the bid side is tilted at 20.7%, indicating that some capital is actively taking the order flow. 24h trading value is 72.99M, and liquidity isn’t too bad.
In this kind of structure, breakouts upward are often driven by shorts being forced to cover—not by fresh long positions entering. After the shorts cover, if OI doesn’t rise back up, it’s hard to say how much of this rally can be held. If you’re chasing higher prices, weigh it yourself—don’t end up being the one left holding the bag.
