$GTC I tend to wait and watch, until the full hourly candle is confirmed. During the complete market scan, at 03:14 there were 526 qualified USDT perpetual contracts ranking #1 for the highest涨幅 (+41.609%); at 03:20, the pre-release re-scan still ranked #1 (+43.257%). At 03:14:49, the single-coin ticker is +41.672%, current price 0.15897, rolling high 0.16266, and quoted trade value 76.71m USDT. The leaderboard position and the 24h field are both rolling, so they cannot be extrapolated into a guaranteed continuation trend. I tend to wait and watch, and wait for the full hourly candle confirmation. What’s more explanatory right now is the full hourly close and the corresponding traded volume, not just a single rolling % gain.
Compared with the draft at 02:15, the ticker’s % gain increased by 12.374 percentage points, and the current price is about 7.40% higher than 0.14802; the quoted trade value is about 36.7% higher than 56.12m. The new high moved from 0.14913 up to 0.16266. The full-hour close went from 0.13764 at 00:00, to 0.14550 at 01:00, to 0.15692 at 02:00; at 02:00, the quoted trade value was 19.44m, which is 13.94m higher than the previous hour. The 02:00 full candle already closed above the high point mentioned in the previous draft; the 03:00 candle hasn’t closed yet. The price at 03:14 of 0.15888 is only an intraday reading and cannot be treated as confirmation of a closed candle.
On the contract side, the GTC open-position snapshot increased from 41.52m at 02:00 to 43.40m at 03:00 (+4.51%), indicating that open contracts increased. This does not tell us whether the direction is long or short. The premiumIndex current funding rate field is -1.056059%, and the most recently settled record is -0.482984% at 00:00. The current field is not the settlement result; it could still change before the 08:00 settlement. A negative value at settlement implies shorts pay longs, but it doesn’t prove that a “short squeeze” has occurred.
On October 1, the official Gitcoin forum had a Snapshot-threshold proposal and governance upgrade updates, but there’s no direct first-hand evidence linking them to this rally. The next observation point is whether the 03:00 full-hour candle, at the 04:00 close, can hold above 0.14913—and also watch whether成交 and OI continue to expand. If the candle closes back below that level, then the breakout confirmation would need to be discounted.
Compared with the draft at 02:15, the ticker’s % gain increased by 12.374 percentage points, and the current price is about 7.40% higher than 0.14802; the quoted trade value is about 36.7% higher than 56.12m. The new high moved from 0.14913 up to 0.16266. The full-hour close went from 0.13764 at 00:00, to 0.14550 at 01:00, to 0.15692 at 02:00; at 02:00, the quoted trade value was 19.44m, which is 13.94m higher than the previous hour. The 02:00 full candle already closed above the high point mentioned in the previous draft; the 03:00 candle hasn’t closed yet. The price at 03:14 of 0.15888 is only an intraday reading and cannot be treated as confirmation of a closed candle.
On the contract side, the GTC open-position snapshot increased from 41.52m at 02:00 to 43.40m at 03:00 (+4.51%), indicating that open contracts increased. This does not tell us whether the direction is long or short. The premiumIndex current funding rate field is -1.056059%, and the most recently settled record is -0.482984% at 00:00. The current field is not the settlement result; it could still change before the 08:00 settlement. A negative value at settlement implies shorts pay longs, but it doesn’t prove that a “short squeeze” has occurred.
On October 1, the official Gitcoin forum had a Snapshot-threshold proposal and governance upgrade updates, but there’s no direct first-hand evidence linking them to this rally. The next observation point is whether the 03:00 full-hour candle, at the 04:00 close, can hold above 0.14913—and also watch whether成交 and OI continue to expand. If the candle closes back below that level, then the breakout confirmation would need to be discounted.
