$UAI surged 47 points in just 15 minutes, with volume at 27x and OI up 19.75% in an hour; notional change nearly doubled—this isn't a short squeeze, but new leveraged longs rushing in. The OI anomaly percentile hit 100%, ranking #1 across the entire pool, and the move has continued for several consecutive periods, confirmed by depth. The taker buy/sell ratio is 1.07, bullish but not excessive. Price and OI are moving up together—a textbook leveraged long buildup, already nearing historically extreme levels. From here, either a trend is starting, or this is setting people up to get trapped later. I’d first wait to see whether it can hold these levels.