Within 24 hours, FORM’s price surged 41.282% to 0.3614. The funding rate is only 0.00005000, and the open interest stands at 53383085.1. Although short-term sell pressure is strong, the combination of a low funding rate and the sharply increased price suggests that liquidation risk is building. Shorts may be forced to close positions, further fueling the rally, while the low fee rate reduces long costs and encourages leverage. The strongest counter-evidence is that the low funding rate attracts arbitrage traders to short, increasing sell pressure. If the funding rate turns negative or the price falls below 0.3614, the thesis fails.