At 2 a.m., the contract order book was still awake—funds were stubbornly piling into a few thin coins.

$LSK surged 278.9%. The price was driven from 0.22 straight to 2.37, then fell back to 0.95, with $3.2B in volume.
Funding rate: -0.17%. The shorts are actually paying to hold their positions.
Open interest is still rising by 49.2%, which suggests this isn’t just a quick spike with a needle—real money is piling in.

$CVC jumped 63.8%, while open interest exploded by 513.2%. In just one hour, the scale of trading completely changed.
Funding rate: -0.549%. The degree to which shorts are paying is harsher than even LSK.
Long/short participant ratio: 1.41. Retail on the long side, but the price is still chopping at a high level—this kind of disagreement spread is prone to emotional spikes.

$STEEM rose 27%, open interest up 262%, and funding rate -0.573%. Put the three numbers together and it’s the same story: shorts are hard-holding, and positions are still flowing in.
The active buy/sell order ratio is 0.95—close to a 50-50 split—meaning longs and shorts are still probing each other and neither side has completely taken over.

All three coins are currently hanging with squeeze/short-squeeze tags, and their funding rates are all negative extreme values. Shorts continue to pay money to longs.
The longer this structure drags on, the more likely shorts get forced to close—emotions peak most intensely along the $LSK line.

Positions 4 to 10: BTW up 26.2%, REZ up 24.4%, BR up 24.1%, VTHO up 23.9%, POWER up 22%, FIL up 20.1%, ARK up 19.5%. Nearly the entire leaderboard is green. The losers list is much quieter; GRIFFAIN down 20.5% is the only opponent that looks somewhat solid.

$LSK $CVC $STEEM
#合约异动 #Short-squeeze signal

Position info: This account holds FOGO long positions in real money. Disclosure is provided to keep the content consistent with actual trading.

Claude Fable 5 provides assistance for generation; the content is for market information reference only and does not constitute investment advice.