At 23:34 in the middle of the night, $FARTCOIN is back again.

In 15 minutes it pulled up 2%—not a full-on riot, but the order book structure is genuinely healthy. OI over 15 minutes and 1 hour are both rising in sync, with the notional increase nearly 400,000 U. This isn’t bull self-hype; it’s coming in with fresh leverage. The closing price even punched straight through the upper edges of the last 20 five-minute K-lines. The proportion of主动买入 (active buy-ins) is over 20%, the buy/sell ratio is 1.5—at this point the shorts probably feel a bit uncomfortable.

Honestly, the volatility of this stock is already ridiculous. Its Z-score is 2.71, and its volatility percentile is squeezed into the top five of the entire pool. Usually, you have to have a strong enough heart just watching it. But tonight this combination of “price up + position synchronization” feels, in the short term, more reliable than those wild plays that only pump the price without real capital following.

An 24h trading volume of 100 million yuan isn’t just for show either.

For anyone getting on, be careful not to lock it up—late-night moves often fake out breakthroughs. But based on how well the trading volume matches up, if the shorts don’t break down below the breakout level just now, we’ll keep watching the show.