$EVAA put in a decisive 15m move, up 2.59%—not huge, but volume rose to 2.21x, with a Z-score of 2.18, clearly showing someone is pushing it. The closing price broke above the highs of the last 20 5m candles, aggressive trading imbalance was 3.4%, and the buy/sell ratio was 1.07, with bulls taking the initiative.
More interesting is the OI: 15m contracts rose 0.24%, or +344K notional, indicating new leveraged longs entering rather than shorts covering. 1h OI is still edging lower, down 0.56%, or just -4K notional—basically negligible. Capital flows are somewhat out of sync between the short and long timeframes. The OI anomaly percentile is 88.1%, ranking
#20 across the full pool and
#14 by notional change. It has continued over several consecutive periods, and volume is also above normal—this structure is much more solid than a single green candle.
24h trading volume is 97.69M, with enough depth that a move shouldn't immediately cause slippage. Now the question is whether it can hold above this 5m range. If it does, there's room to move higher; if not, this could be a false breakout designed to lure in buyers. Personally, I'd first watch the volume on a pullback rather than rush to chase it.