ONDO 24-hour rise of 31.686% to 0.5569, but the funding rate is only 0.00005000, indicating weak long-side payment willingness; OI is as high as 196309392.4, with leveraged positions concentrated, raising liquidation risk. Key view: the market is overheated, and the probability of a short-term pullback is high. Strong counter-evidence: if the price increase continues to attract capital, it may push the funding rate higher and extend the uptrend. Second-order impact: short liquidations or accelerated rallies may occur, but with the low fee rate, longs are likely to take profits, triggering a liquidity squeeze.