VTHO surges 42.362% in 24 hours, but the contract funding rate is deeply negative (-0.018).
This is a typical liquidity-drying up rally caused by short liquidation/short squeeze. Behind the explosive rise is shorts paying—not longs showing strength.
The strongest counterevidence: If spot buy orders continue to pour in, the price may break through key resistance levels, forcing shorts to close their positions en masse.
Second-order impact: If shorts are continually squeezed, their closing orders will become fuel for further upside; chasing longs will bear extreme volatility and needle/spike risks.
This is a typical liquidity-drying up rally caused by short liquidation/short squeeze. Behind the explosive rise is shorts paying—not longs showing strength.
The strongest counterevidence: If spot buy orders continue to pour in, the price may break through key resistance levels, forcing shorts to close their positions en masse.
Second-order impact: If shorts are continually squeezed, their closing orders will become fuel for further upside; chasing longs will bear extreme volatility and needle/spike risks.