Several names from the previous signal—where negative funding rates coincided with a surge in open interest—have now surged into the top three gainers, and the squeeze is still underway.
But much of the gains have already materialized. What needs auditing next is not who has rallied the hardest, but who can sustain trading volume and open interest.
$MET +37.7%.
The price climbed from 0.3019 to 0.4543, with trading volume reaching $216 million—not a volume-less spike.
Open interest surged 108.5%, while shorts are still paying an extreme 0.198% funding rate. The longer they hold out, the more likely they are to be squeezed further.
$BSP +23.2%.
Open interest jumped 235.7%, far outpacing the price gain, suggesting that new capital is flowing in heavily.
Aggressive buyers have a slight edge, but the long/short account ratio is only 0.69, so the disagreement has not gone away. Whether 40.43 can keep moving toward 41.95 is worth watching.
$HEMI +19.3%.
The price is already close to its intraday high of 0.007023, and trading volume of $64.15 million remains solid.
Open interest rose 31.7%, and shorts are still paying funding, so the signal remains in play. But aggressive sellers have a slight edge, making support after the surge more important.
Among the other top ten, SAND is up 18.0%, GTC 15.0%, RAYSOL 11.9%, FLUID 8.5%, PENG 7.4%, MUU 7.3%, and MOVR 6.9%.
Overall, capital is still clustering in high-beta coins. Prioritize auditing whether MET's squeeze can continue and whether BSP's surge in open interest can hold.
On the other side, MINA is down 19.4%. Its funding rate has fallen as low as -0.259%, yet open interest has increased 45.6%. The costs borne by shorts are already extreme. The longer this structure persists, the more likely the order book is to see sharp moves.
#MET #BSP #HEMI #合约热点 #Market Recap
Generated with assistance from Claude Fable 5; for market information only and not investment advice.
But much of the gains have already materialized. What needs auditing next is not who has rallied the hardest, but who can sustain trading volume and open interest.
$MET +37.7%.
The price climbed from 0.3019 to 0.4543, with trading volume reaching $216 million—not a volume-less spike.
Open interest surged 108.5%, while shorts are still paying an extreme 0.198% funding rate. The longer they hold out, the more likely they are to be squeezed further.
$BSP +23.2%.
Open interest jumped 235.7%, far outpacing the price gain, suggesting that new capital is flowing in heavily.
Aggressive buyers have a slight edge, but the long/short account ratio is only 0.69, so the disagreement has not gone away. Whether 40.43 can keep moving toward 41.95 is worth watching.
$HEMI +19.3%.
The price is already close to its intraday high of 0.007023, and trading volume of $64.15 million remains solid.
Open interest rose 31.7%, and shorts are still paying funding, so the signal remains in play. But aggressive sellers have a slight edge, making support after the surge more important.
Among the other top ten, SAND is up 18.0%, GTC 15.0%, RAYSOL 11.9%, FLUID 8.5%, PENG 7.4%, MUU 7.3%, and MOVR 6.9%.
Overall, capital is still clustering in high-beta coins. Prioritize auditing whether MET's squeeze can continue and whether BSP's surge in open interest can hold.
On the other side, MINA is down 19.4%. Its funding rate has fallen as low as -0.259%, yet open interest has increased 45.6%. The costs borne by shorts are already extreme. The longer this structure persists, the more likely the order book is to see sharp moves.
#MET #BSP #HEMI #合约热点 #Market Recap
Generated with assistance from Claude Fable 5; for market information only and not investment advice.