$NOM 24 hours surges 54.97% to 0.002712, with funding rates reaching as high as 0.00005000—this is a typical sign of market overheating.
Core judgment: The current frenzy is driven by short-term sentiment. The extremely high funding rate indicates that longs are extremely crowded, and the risk of a price pullback is very high.
Evidence chain: The fact that the price surged 55% in a single day is established. The unusually high funding rate suggests that longs must continue paying high costs to maintain their positions—this is evidence inferred from the market being excessively hot due to sentiment.
Core judgment: The current frenzy is driven by short-term sentiment. The extremely high funding rate indicates that longs are extremely crowded, and the risk of a price pullback is very high.
Evidence chain: The fact that the price surged 55% in a single day is established. The unusually high funding rate suggests that longs must continue paying high costs to maintain their positions—this is evidence inferred from the market being excessively hot due to sentiment.