$TRIA This bullish run is really intense—over a 15-minute period it surged 2.34%, and the contract open interest jumped by more than 9% within an hour. The funding rate has already pushed up to a recent high. The $254K increase in leveraged long positions has entered with strong conviction—accumulating through multiple consecutive cycles.

But honestly, at this point I’m a bit hesitant to chase. The OI anomaly percentile is 98.2%, ranking third across the whole pool. This data suggests the market is getting a little too crowded. Short-term momentum is indeed strong, but the harder leveraged funds pile in, the tougher the pullback “bones” will be.

Now the market is very divided. All I can say is: if you already have positions, make sure to protect your take-profit with risk controls; if you’re in cash, don’t rush into FOMO. In this kind of market, either you make fast money, or you just watch from the sidelines—staying steady is the most important thing.