$AKE The shorts have been squeezed to the extreme funding rate and are still stubbornly holding on. At this point, the only thing I can bet on is the shorts getting blown out: longs. The funding rate has not turned positive even once in eight samples, and it has just plunged to the deepest point in the window; the futures-spot discount keeps widening as it is torn apart — every minute, the shorts are paying the longs wages. Meanwhile, aggressive buy orders make up more than half, buy volume has surged 60% in seven hours, and open interest simply refuses to fall. On the whale side, shorts are also shrinking in sync. There is no other outcome for this short squeeze.