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$USELESS surged 34% in 24 hours, but trading volume was only $11 million—is this rally driven by retail FOMO or a market maker testing the waters? I’ll state the conclusion directly: on-chain data shows clear signs of “accumulation followed by a pump,” but the funding rate has already soared to 0.08%, making the cost of going long absurdly high; those chasing the rally are currently paying fees to the market maker.
First, the Fear and Greed Index: it is currently at 78, in the “extreme greed” range. Historically, however, when the index breaks above 85, a correction of more than 10% is highl