$ARX 24h rose 15.7%. Current price is 0.2515, hugging the 24h high of 0.2543. The trading value over the last 1 hour is 5.49x the 24h average. Open interest also increased by 7.49%—volume expansion plus additional positioning. New longs appear to be pushing, but the active buy/sell ratio is only 0.946 and it has fallen to 0.825 in the past 15 minutes. While price is moving upward, the bids are not clearly dominant. This suggests the move is more like shorts being squeezed rather than buyers actively chasing higher.
Funding rate is 0.0205% and slightly positive. The long side already looks crowded. If the price pulls back and breaks below 0.2449 from 1 hour ago, then the “increase-in-position push” interpretation would no longer hold. In the same batch, $USELESS fell 15.3% and open interest decreased 3.32%. $MUBARAK has an active buy/sell ratio of 0.762, with open interest down 2.13% as well—both are directions consistent with reducing exposure and exiting.
#Futures contract open interest
Funding rate is 0.0205% and slightly positive. The long side already looks crowded. If the price pulls back and breaks below 0.2449 from 1 hour ago, then the “increase-in-position push” interpretation would no longer hold. In the same batch, $USELESS fell 15.3% and open interest decreased 3.32%. $MUBARAK has an active buy/sell ratio of 0.762, with open interest down 2.13% as well—both are directions consistent with reducing exposure and exiting.
#Futures contract open interest
