After plunging 12.70% in the previous full hour, the price rebounded 19.73% in the next hour—$AKE recovered quickly, but leverage did not return in tandem.

As of 14:07 (UTC+8), AKEUSDT perpetuals were up 20.36% over the rolling 24 hours, and turnover in the latest full hour increased 43.22% from the previous hour. However, the gain over the past four full hours was only 3.27%, which looks more like a rapid recovery amid high volatility than a confirmed new acceleration. Binance spot trading remains unavailable, leaving no cross-market confirmation.

The latest 1-hour data point for contract open interest rose slightly by 0.51%, but the 30-point window still shows a 20.58% contraction. The indicative funding rate is around +0.0050%, while the latest actual settlement was around +0.0423%. The available data cannot prove that the trend has restarted, nor can open interest indicate the net long/short direction.

If the price can hold above 0.005774 USDT for a full hour, with turnover continuing and open interest no longer declining, the rebound structure will be more reliable. If it falls back below 0.004780 USDT while open interest continues to decline, I would view this as deleveraging volatility that has yet to run its course.

* NFA, DYOR