For the short term, stay on the sidelines and don’t chase $MET . At 06:00 Beijing time, a full scan covering all 523/523 Binance USDT-margined perpetuals ranked METUSDT first in gains, up 38.212% over 24 hours, with a quoted price of 0.4561 and trading volume of approximately $216.2 million. A rescan before publication at 06:02 still ranked it first, up 38.441% at 0.4581. That is 7.525 percentage points above the +30.916% snapshot in the earlier 04:04 post—a significant additional move over the rolling period, though the ranking is no guarantee of continuation. The previous post’s analysis covered 03:00–04:00; this update adds two complete hours.
From 04:00 to 05:00, the price opened near 0.4344 and closed at 0.4342, with a low of 0.4245 and trading volume of about $22.69 million—essentially flat. From 05:00 to 06:00, it rose from 0.4341 to 0.4547, up about 4.75%, with a high of 0.4731 and trading volume of about $34.17 million. The increase in volume coincided with a higher close, but trades are matched between buyers and sellers, so this cannot be treated as net buying. The new candle after 06:00 has not closed; the chart only shows complete hourly data through 05:00–06:00.
Positioning indicators rose over the same period: Binance open interest (OI) increased from about 28.4 million at 04:00 to about 30.44 million at 06:00, up roughly 7.2%. The account long/short ratio fell from 1.0956 at 04:00 to 1.0121 at 05:00, then recovered to 1.0483 at 06:00. The sample is close to balanced and does not support a conclusion that positioning is crowded in one direction. The latest available historical funding-rate record is still -0.5101% at 04:00, a markedly negative reading tied to that specific timestamp. It should not be treated as the live rate at 06:00, and a negative rate alone does not prove that a short squeeze is underway.
The completed 00:00–04:00 four-hour candle rose from 0.3314 to 0.4342, up about 31%; the current 04:00–08:00 four-hour window has not yet closed. The latest periodic report listed on Meteora’s official IR page is its August monthly report, published on September 15. This round of public searches found no synchronized official announcement directly corresponding to the new hourly surge, so no catalyst is being invented to explain the move. The uptrend will only be confirmed if subsequent full hourly candles hold near 0.4341 and volume continues; if a full hourly candle closes below 0.4245, the current continuation thesis is invalidated. 0.4731 is a level to watch as the previous high; these price levels are not automatically support levels or buy/sell instructions.
From 04:00 to 05:00, the price opened near 0.4344 and closed at 0.4342, with a low of 0.4245 and trading volume of about $22.69 million—essentially flat. From 05:00 to 06:00, it rose from 0.4341 to 0.4547, up about 4.75%, with a high of 0.4731 and trading volume of about $34.17 million. The increase in volume coincided with a higher close, but trades are matched between buyers and sellers, so this cannot be treated as net buying. The new candle after 06:00 has not closed; the chart only shows complete hourly data through 05:00–06:00.
Positioning indicators rose over the same period: Binance open interest (OI) increased from about 28.4 million at 04:00 to about 30.44 million at 06:00, up roughly 7.2%. The account long/short ratio fell from 1.0956 at 04:00 to 1.0121 at 05:00, then recovered to 1.0483 at 06:00. The sample is close to balanced and does not support a conclusion that positioning is crowded in one direction. The latest available historical funding-rate record is still -0.5101% at 04:00, a markedly negative reading tied to that specific timestamp. It should not be treated as the live rate at 06:00, and a negative rate alone does not prove that a short squeeze is underway.
The completed 00:00–04:00 four-hour candle rose from 0.3314 to 0.4342, up about 31%; the current 04:00–08:00 four-hour window has not yet closed. The latest periodic report listed on Meteora’s official IR page is its August monthly report, published on September 15. This round of public searches found no synchronized official announcement directly corresponding to the new hourly surge, so no catalyst is being invented to explain the move. The uptrend will only be confirmed if subsequent full hourly candles hold near 0.4341 and volume continues; if a full hourly candle closes below 0.4245, the current continuation thesis is invalidated. 0.4731 is a level to watch as the previous high; these price levels are not automatically support levels or buy/sell instructions.
