HEI, this 1-hour candlestick is not just about the price spiking higher—the trading volume and positions also accelerated during the same period. According to Binance’s public data at 19:36 (UTC+8), $HEI spot is quoted at 0.1282, up 13.35% over the past 24 hours; the perpetual is quoted at 0.12764, up 12.95% over the past 24 hours, with trading volume of about 11.75 million USDT.

In the latest complete 1-hour period, the perpetual rose 5.71%, with trading volume of about 5.72 million USDT, an increase of 536.81% compared with the previous hour. OI during the same timeframe increased by 11.54%, and is about 14.36% higher over the past 24 hours. The simultaneous expansion of volume, price, and positions provides more confirmation for this unusual move, but OI only reflects the size of open positions—it cannot tell whether the newly added positions are predominantly bullish or bearish.

⚠️ The next Funding indicator value has fallen to around -0.1135%. In the most recent 8 times of actual settlement, it has remained between +0.0048% and +0.005%. This jump has not been settled yet; it could come from short-side overcrowding, or it could be quickly corrected as the price pulls back—so it cannot be taken as direct confirmation of a rebound.

For the short term, treat around 0.125 as the structural observation level: hold above it and then break above 0.132, with volume and OI continuing to cooperate—only then does the strong momentum have continuation conditions. If it falls back below 0.125 while OI still increases rapidly, the risk of high-level two-way squeeze will rise significantly.