Filecoin ($FIL ) has moved to around 92% of its 7-day range in the short term, with bullish positions looking crowded after a sharp 24-hour gain. The current price is 1.2519 USDT, up 13.75% over 24 hours and another 0.73% in the past hour. The intraday range is 1.088–1.2764, with a 17.3% amplitude; the 7-day high is 1.2764 and the low is 0.9858. Spot trading volume over 24 hours was $28.99 million. The perpetual funding rate is 0.0100% (settled every 8 hours), and open interest is about 60,264,224 FIL, equivalent to roughly $75.44 million. The account long/short ratio is 2.16, while the large-trader position long/short ratio is 2.62, indicating that large traders are more bullish than accounts overall. Visible liquidations over 24 hours totaled about $30,000, so liquidation activity was limited. Layer 2 and DePIN sectors also gained more than 6% over the same period, suggesting this rally is not isolated. Key points to watch are whether the price can hold above 1.2764 and whether the funding rate and long/short ratios continue to rise.
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