Like a convenience store suddenly forming a queue in the middle of the night—what really shows the problem isn’t whether the shelves look good, it’s that the checkout line starts to clog. $SOMI Today making the leaderboard is like this kind of chart: the spot price is $0.1267, up 8.38% in 24h; the high-low range moves from $0.1076 up to $0.1327, but contract trading volume has already reached $4.64M, which is 2.6 times the spot volume of $1.80M.
The funding rate is only +0.005%, not hot enough to cause distortion. Open interest is 15,508,070 SOMI, suggesting this move is more like short-term sentiment igniting leverage rather than “slow money” piling in. I didn’t chase it. I’ll place an order on the pullback and pick it up later. If I don’t see open interest continuing to rise and the price still can’t hold steady, then I won’t move. $SOMI #SOMI
The funding rate is only +0.005%, not hot enough to cause distortion. Open interest is 15,508,070 SOMI, suggesting this move is more like short-term sentiment igniting leverage rather than “slow money” piling in. I didn’t chase it. I’ll place an order on the pullback and pick it up later. If I don’t see open interest continuing to rise and the price still can’t hold steady, then I won’t move. $SOMI #SOMI