I just checked $NOM , and the market manipulation signals are very obvious. The net inflow ratio for contracts over 4/8/12 hours is still rising, clearly indicating ongoing accumulation. However, the spot market is a bit disappointing, with all net outflows over the 1-hour period, and over 12 hours it reached 1.7735 million, accounting for -18% of the market cap, showing a clear divergence in capital flow compared to the futures side.

Looking at the market, futures open interest is increasing, and the funding rate is slightly negative, which suggests that the bulls are leveraging the dip to accumulate positions. Although spot selling pressure is strong, futures funding remains firm, and the large traders' futures positions haven't been closed out yet. Most likely, the price will continue to rise.