Up approximately 16%–18% over 24 hours, but shorts are still paying an extreme cost. $POWR spot and perpetuals were up 17.54% and 15.58%, respectively, as of 10:16 (UTC); the latest full hour saw a further 4.94% gain, with trading volume up 136.30% from the previous hour.
Positions are expanding faster than prices: quantity OI increased 13.92% over the latest hour, and expanded 188.40% cumulatively across 30 data points. Meanwhile, the indicative funding rate fell to -1.7618%, and the latest actual settlement was also -0.9758%. This means the negative rate is no longer merely a pre-settlement estimate, but OI alone cannot identify the direction of new positions or guarantee a continued short squeeze.
Trading volume over the last 4 full hours was only 0.67 times that of the preceding window, so the trend’s durability remains unconfirmed. Momentum may continue if the price decisively breaks above 0.06739 USDT, volume expands again, and OI does not spike out of control. If the price falls back below 0.06218 USDT alongside contracting OI, treat it first as leverage unwinding; don’t chase the rally.
* NFA, DYOR
Positions are expanding faster than prices: quantity OI increased 13.92% over the latest hour, and expanded 188.40% cumulatively across 30 data points. Meanwhile, the indicative funding rate fell to -1.7618%, and the latest actual settlement was also -0.9758%. This means the negative rate is no longer merely a pre-settlement estimate, but OI alone cannot identify the direction of new positions or guarantee a continued short squeeze.
Trading volume over the last 4 full hours was only 0.67 times that of the preceding window, so the trend’s durability remains unconfirmed. Momentum may continue if the price decisively breaks above 0.06739 USDT, volume expands again, and OI does not spike out of control. If the price falls back below 0.06218 USDT alongside contracting OI, treat it first as leverage unwinding; don’t chase the rally.
* NFA, DYOR
