$VELVET Today it increased by 24.3%, and open interest (OI) rose by 22% in sync. This is not retail chasing; this is smart money building positions.

Price rises, open interest increases, the direction is very clear, follow the trend and go long.
Funding rate is 0.0896%, indeed relatively high, longs are paying, but OI is still climbing, indicating the whales haven't taken profits yet, now is not the time to run.
The long-short ratio is 50/50, retail traders are not overwhelmingly on one side, and the whales don't have a clear target for profit-taking, making the market cleaner.
Enter long now, set stop-loss at 0.089027, avoid the round number level, leave room for volatility.
If it rises to 0.130284, ask yourself whether to hold or not; if you can hold, keep running, with a target of 0.162855.
Welcome counterparty, you short, I go long, let's see who is right.