$LSK This pull-up is a bit interesting. In the 15m timeframe it’s up 2.89%; volume directly hit 2.64x, the volatility Z value is 3.39, and the price has just broken above the upper band of the recent ~20 5m K-bars.
But looking at OI is quite thought-provoking—on the 15m contract it’s -0.81%, and on the 1h it’s -1.90%. Price is rising while open interest is falling. This is the classic short covering pushing the price up, not fresh longs stepping in. The nominal change is still quite significant: on the 1h there’s 578K USDT, an abnormal percentile of 90.3%, and the whole pool’s abnormality ranks at #6.
The active trade imbalance is -4.4%; the buy/sell ratio is 1.09. Buys have a slight edge, but not aggressively so. Over 24h, the turnover is 124.71M, and the depth checks confirm it’s solid.
With this kind of structure, the short-term move could still try to push a bit further. But once the fuel from short covering runs out, it’s gone—chasing higher prices needs caution. Watch whether OI can turn positive; otherwise, it’s likely to follow a squeeze-then-pullback storyline.
But looking at OI is quite thought-provoking—on the 15m contract it’s -0.81%, and on the 1h it’s -1.90%. Price is rising while open interest is falling. This is the classic short covering pushing the price up, not fresh longs stepping in. The nominal change is still quite significant: on the 1h there’s 578K USDT, an abnormal percentile of 90.3%, and the whole pool’s abnormality ranks at #6.
The active trade imbalance is -4.4%; the buy/sell ratio is 1.09. Buys have a slight edge, but not aggressively so. Over 24h, the turnover is 124.71M, and the depth checks confirm it’s solid.
With this kind of structure, the short-term move could still try to push a bit further. But once the fuel from short covering runs out, it’s gone—chasing higher prices needs caution. Watch whether OI can turn positive; otherwise, it’s likely to follow a squeeze-then-pullback storyline.