$LSK This pull is a bit fierce—within 15 minutes it directly surged +28%. Trading volume hit about 2.15x the normal level, and volatility (Z) climbed to 5.33. But what’s interesting is that OI is dropping instead—15m: -4.33%, 1h: -4.15%. Price is pushing up while positions are backing off. This looks like a typical short-covering squeeze, not something new long buyers stacked up to drive. On the liquidation-queue side, 154K U is concentrated in the buy direction—the signs that shorts are being lifted away are pretty clear.
Funding rate has already jumped to the high end of the recent range, while the OI percentile is at an abnormal 98.4%. The whole pool’s anomalies are ranked #5, with nominal changes at #3. And it’s been continuing across multiple consecutive cycles—not a single spike that instantly dissipates. In the past 24h, total spot volume is 2.2B U, with aggressive trading difference +8.2%. The buy-sell ratio is 1.18—buyers are indeed chasing. After a move like this, there are usually two ways it plays out: either shorts finish covering and then it stalls and pulls back, or funding sucks more longs in and it keeps getting pushed higher. If you’re chasing now, the position doesn’t feel comfortable—it’s nearing historical extreme territory. For now, I’d wait and see whether there’s consolidation support on a pullback.
Funding rate has already jumped to the high end of the recent range, while the OI percentile is at an abnormal 98.4%. The whole pool’s anomalies are ranked #5, with nominal changes at #3. And it’s been continuing across multiple consecutive cycles—not a single spike that instantly dissipates. In the past 24h, total spot volume is 2.2B U, with aggressive trading difference +8.2%. The buy-sell ratio is 1.18—buyers are indeed chasing. After a move like this, there are usually two ways it plays out: either shorts finish covering and then it stalls and pulls back, or funding sucks more longs in and it keeps getting pushed higher. If you’re chasing now, the position doesn’t feel comfortable—it’s nearing historical extreme territory. For now, I’d wait and see whether there’s consolidation support on a pullback.