$LAB This move is a bit interesting.

Price +2.64% surged up, and the volume directly hit 2.21x, with volatility Z at 2.45. The closing price broke above the upper band of the last ~20 5m candles. But judging from OI, you can tell: the 15m contracts are -0.16%, with notional +2.44%. What’s rising isn’t new long entries—it’s old shorts being forced to cover.

1h OI +0.14%, notional +4.45%, with an abnormal percentile at 99%, the whole pool is #2. Several consecutive cycles continued the pattern, and the order book also confirmed it: volume is higher than usual, price is tapping the boundary of the price range, and the OI anomaly hasn’t stopped.

Active trade gap -7.1%, buy/sell ratio 1.15, and 24h trading value 15.6M. The board isn’t big, but this structure keeps appearing in the high zone—not a one-off impulse.

This is a行情 pushed by short covering. Chasing higher can be risky, but if the covering hasn’t finished, the upside space hasn’t been fully played out yet. Watch the change in 1h OI.