Behind the 48% surge, there’s a detail worth paying attention to: BULLA’s trading volume today hit 71 million U, but the funding rate is only 0.005%, far below the level that such a move usually corresponds to.

The long-to-short ratio is 63%. It looks crowded on the long side, but the funding rate hasn’t caught up, suggesting leverage isn’t going crazy yet. The hourly chart has already logged three consecutive bullish candles. It’s risen from 0.018 to the current 0.0285, with no obvious profit-taking pullbacks in between.

I’ve posted about BULLA before, but that time it was just for the excitement. This time I’m looking for the underlying signals—the volume comes first, the funding rate follows late. This combination is either a real breakout… or a calm before the storm.

I lean toward the former, because 71 million in volume isn’t something retail traders can easily pile up.

$BULLA #资金费率滞后 #63% Longs
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