$PHA is overall strong within the 7D observation window, with the price trading in the middle of the observation range. Current price is 0.0506, the cycle low is 0.02534, the cycle high is 0.06642, the position in the range is 61.5%, and the cycle price change is +84.60%. These data outline a period of sideways consolidation, followed by a path into a clearly expanding phase. The price did not stay at the edges of the range; instead, it sits at a position with room both above and below.
Changes on the open-interest side are even more pronounced. Current open interest value is 5.92M, with a cycle open-interest change of +278.02%. The expansion magnitude is evident, indicating that participation in this stage has increased. In parallel, trading activity is also strengthening: recent trading volume is 194.77M, which represents a +3877.58% change versus the previous observation window. A clear surge in volume is evident. Open interest and trading volume rising together is the most noteworthy aspect of this round’s structure.
Regarding the funding rate, the current funding rate is 0.005%, which is in a mildly positive state. Here it is included only as a status description, without extending it into a directional judgment.
The first PerpPulse record within the cycle appears at 2026-09-21 12:00 UTC. At that time, the stage was L1_WATCH, and the recorded price was 0.05876. After that, the objective highest-price change was +5.48%. This is an objective record, used to mark the starting point of structural evolution, not to describe the outcome.
Going forward, continue monitoring whether the range position shifts, whether the open-interest change continues, whether the change in trading volume versus the previous observation window can be sustained, and whether the funding-rate state remains.
Complete anomaly data: perppulse.xyz
Changes on the open-interest side are even more pronounced. Current open interest value is 5.92M, with a cycle open-interest change of +278.02%. The expansion magnitude is evident, indicating that participation in this stage has increased. In parallel, trading activity is also strengthening: recent trading volume is 194.77M, which represents a +3877.58% change versus the previous observation window. A clear surge in volume is evident. Open interest and trading volume rising together is the most noteworthy aspect of this round’s structure.
Regarding the funding rate, the current funding rate is 0.005%, which is in a mildly positive state. Here it is included only as a status description, without extending it into a directional judgment.
The first PerpPulse record within the cycle appears at 2026-09-21 12:00 UTC. At that time, the stage was L1_WATCH, and the recorded price was 0.05876. After that, the objective highest-price change was +5.48%. This is an objective record, used to mark the starting point of structural evolution, not to describe the outcome.
Going forward, continue monitoring whether the range position shifts, whether the open-interest change continues, whether the change in trading volume versus the previous observation window can be sustained, and whether the funding-rate state remains.
Complete anomaly data: perppulse.xyz
