$HYPE has a pretty interesting move here: 15m volume surged to 2.68x, the taker buy/sell ratio is 2.34, and price broke above the range high of the last 20 5m candles. OI is up 0.5% in one hour, at an anomalous percentile of 94.8%, and its notional change ranks #3 across the whole pool. Price is rising and OI is rising along with it, which looks more like new leveraged longs driving the move than short covering. The funding rate is also at a recent high percentile, so plenty of people are chasing longs. 24h trading volume is already 1.08 billion, and market depth is sufficient, but if this level holds for several consecutive periods, it could either extend for another leg or punish those chasing the top. Keep an eye on it; don’t rush in.