$PENGU This 15m move gained less than 1 point, but volume surged to 22.8x while OI fell 2.3%; the 1h cumulative return is -3.27%—volume up, price down, and positions falling: a classic short squeeze, not fresh longs entering. The active buy/sell ratio is 1.77, and the funding rate is still in a high percentile for recent levels, so shorts are getting squeezed pretty hard. But this kind of setup usually doesn't last long, so be careful not to chase the highs and end up holding the bag.