Extreme leverage compression detected across key altcoins. $MTL sinking -21.11% (0.2843)andICP down -7.00% ($2.579) point to heavy short crowding—a classic setup for an open-interest trap and violent squeeze cascade. Meanwhile, $OP bucks the trend at $0.09941 (+4.52%), hinting at underlying bid defense.

When over-extended short liquidity gets trapped, order books clear fast. Monitor leverage exposure and manage risk carefully.