Pendle order flow: who is in control?
According to EnsoTrade order-flow data, PENDLE is in a short covering regime — short covering — price is rising while positions close, a structurally weaker rally; recent taker flow favors buyers.
Source: EnsoTrade order-flow · as of 2026-10-13T10:05:00Z · 15-min delayed (real-time free with a 3-day trial).
PENDLE order flow
| Order-flow regime | SHORT_COVERING |
|---|
| Mechanism | short covering — price is rising while positions close, a structurally weaker rally |
|---|
| Open interest | $2.48M |
|---|
| OI change (6h) | -1.49% |
|---|
| Taker imbalance | +10.3% (buyers aggressing) |
|---|
See Pendle order flow live on EnsoTrade →
How to read Pendle order flow
Order flow shows which side of the Pendle book is being absorbed before price moves. Combine the regime with funding and why Pendle is moving to tell a real move from a trap.
FAQ
- What is the Pendle order-flow regime right now?
- According to EnsoTrade order-flow data, PENDLE is in a short covering regime — short covering — price is rising while positions close, a structurally weaker rally; recent taker flow favors buyers.
- Are traders buying or selling Pendle?
- Recent Pendle taker flow favors buyers (+10.3% imbalance).
- Is Pendle open interest rising or falling?
- Pendle open interest is down 1.49% over 6 hours.
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