$MTL This round on the 15m chart pulled 2.46%. Volume could directly reach 2.06x. OI was also lifted by 3%, and nominally added 180K. This doesn’t look like the kind of imaginary pump from short-covering; it’s more like fresh leveraged long positions are being actively built. The percentile is 92.1%—the whole pool ranked at #14, and depth confirmation also passed, at least indicating it’s not a thin pool hyping itself. The buy/sell ratio is 1.00; active imbalance is only 0.1%. The order book is relatively balanced for now—I don’t see obvious one-sided sweeping. 24h turnover is 99.65M, and liquidity is sufficient. First, let’s see whether this long leverage can be digested without volume contracting. If OI continues to build while price goes sideways, then be careful.