$WAXP 0.006066, 24h up 13.19%. The trading value in the last hour is 3.33 times the 24h average; open interest value increases in parallel by 4.69%. Volume increase plus position increase aligns with a 13% intraday rise, but the funding rate is -0.3996%, indicating the short side is crowded. In the last hour, the ratio of proactive buy/sell is 0.855, yet sellers are taking more orders. The price is holding above 0.006053, and the two forces—chasing longs and shorts covering—are moving in different directions, so it’s hard to tell who is in control. If it breaks below 0.006053 from one hour ago, the increased positions would look more like new shorts entering rather than absorbing. $BB is also up 13.38%, but open interest decreases by 2.26% and trading shrinks to 0.54x; $NOM falls 15.48% and is cutting positions.