$H In just one hour, volume surged to 4.88x; price moved from 0.06435 to 0.06839. The 24h high of 0.0698 is right within reach. But the active buy/sell ratio is only 1.024—when volume is this large, buy orders and sell orders almost balance out.

Holdings value increased 6.04% to 13.75M. The rise in price and the increase in positions look like new capital has just entered; funding rate +0.005%, and longs aren’t crowded. Over the last 15 minutes, it’s down 0.65%—the hands that chased higher are getting trimmed.

If it doesn’t fall back to 0.06435, the add-on positioning orders are still inside; if it breaks down, it means this move was propped up by short-term funds—so it’s time for the trend to weaken.

#H