At 10:30, I couldn’t help checking the futures leaderboard again—the top three gainers haven’t gone wild, but volume king ONE has muscled into the top three, and the biggest loser has changed too.

First, the leaderboard | Binance USDT-margined perpetuals, 24h percentage change (as of around 22:00 Asia/Shanghai; crypto only, excluding US stocks and leveraged equity indices; trading volume roughly ≥5 million U)

Top three gainers (the main story this time: the volume king takes over + the leaderboard cools down):
$ONE up about +41%, current price ~0.00199, volume about 438 million U—was still hovering among the gainers at 2:00, squeezed into the top four at 8:00, and now has moved straight into the top three; 24h OI up about +129%, but accounts lean short (top-trader accounts: about 41% long; positions: about 51% long)—positions are building, but accounts aren’t willing to follow. I’m keeping an eye on this setup.
$AIN up about +44%, current price ~0.155, about 153 million U—the turnaround king, which was up about +50% at 8:00, is still in first place. Some gains have been given back, and 24h OI is roughly flat to slightly lower (about -3%).
LYN up about +42%, current price ~0.0279, about 104 million U—top-trader accounts are still about 73% long, and positions about 55% long; account sentiment is hot, but positions aren’t quite as overheated. Next: IDOL up about +37% (latest funding rate about +0.08% per interval, OI about +10%), KOMA up about +26% (OI about +22%), ICNT up about +22%, AKE up about +22% (the deep negative funding-rate dip from earlier in the day is still visible on the chart; it has retraced from nearly +80% overnight).

The losers’ side gets a new lineup:
$JCT leads the losses, down about -29% (current price ~0.00260, about 107 million U)—was still second among losers at 8:00, but has now overtaken UAI to take first place; top-trader accounts are about 67% long, positions about 59% long, and 24h OI is still up about +9%—price is getting hammered, yet the share of long accounts remains high.
UAI down about -28% (current price ~0.125, about 253 million U)—slips from first among losers at 8:00 to second; OI continues to fall, about -9.5%, while accounts remain about 64% long.
MAGMA, down about -19%, pushes into the top three losers (current price ~0.277); CYBER down about -15% (cooled from about -21% at 8:00), GTC down about -14%, and BIRB down about -14% are still bringing up the rear.

Smart-money signals I noticed (Binance’s official top-trader position/account long-short ratios + 24h OI; around 22:00 CST; position data is not a trade signal):
· ONE: OI more than doubled ( +129% ); accounts lean short, positions are roughly 50/50—the handoff is showing up in positions, while accounts have already flinched.
· AIN: accounts lean slightly short, with about 48% long, while positions remain about 59% long—the price is still near the top, and large positions haven’t fully cleared out; funding has swung back from deeply negative levels during the day to slightly positive.
· LYN: accounts are hot (about 73% long), positions about 55% long, and OI has only edged up—it looks more like a sentiment-driven move than a battle of positions.
· IDOL: accounts lean short, about 41% long, while positions are about 54% long; funding remains positive (about +0.08% per interval)—the small divergence is still there.
· JCT: both accounts and positions lean long (about 67%/59%), and OI is still rising—with long-leaning accounts next to the biggest loser, I’m treating it as something to watch.
· UAI: accounts are still about 64% long, while OI continues to retreat from its highs—the long side hasn’t fully cleared out, and the cooldown after gains were given back is still playing out.
· CYBER: OI down about -22%, latest funding rate about -0.09% per interval (48-interval low around -0.22%)—shorts are paying to stay in; after going from a gainer to a loser, positions are still unwinding.

Whale PnL profile (no publicly verifiable wallet PnL; only funding/long-short divergences and OI changes are noted, with no specific addresses verified):
· ONE: the clearest handoff example—surging OI alongside short-leaning accounts looks more like leveraged position rotation/short covering taking over, not a coordinated rush to go long.
· JCT: leading the losses but still showing long-leaning accounts + rising OI; the cooldown is visible in the price, but positions haven’t caught up.
· CYBER: increasingly negative funding + falling OI; the short-side funding burden is still there, so don’t just focus on “who dropped out of the top three.”
· AIN: a cooldown after the reversal—some gains have been given back, but OI hasn’t surged along with it; looks more like weak hands rotating out.

The chart shows funding rates over roughly the latest 48 intervals for ONE / CYBER / IDOL: ONE has been slightly negative for the past few intervals; CYBER is pushing further into negative territory; IDOL remains persistently positive. At 10:00, don’t just watch “who’s still in the top three”—handoffs, reshuffles, and funding-rate divergences often tell you more than the leaderboard numbers themselves.

Public data only; not investment advice. Source: Binance Futures API.