A 50.57% increase combined with a $174.3M trading volume,
$BTW this move isn't a quiet pull-up, but rather forcing the entire market's attention over.
The cause is simple: in 24 hours, from 0.039572 to 0.074, the price first broke through the psychological barrier for shorts.
More importantly, the open interest increased by another 21.5% in a day, but the total position is only $5.7M, indicating new positions are being squeezed into small pools, and as water levels rise, volatility is easily amplified.
Market reactions are already reflected in the fee rate, with eight consecutive period