$LAB Trading volume of 2.15B crushes the market, up 876% in 30 days, and today it’s up another 30.6%—looks very fierce, right?

Before opening a position, please choose your life wisely!

But one data point caught my eye for a long time: OI decreased by 24.4% simultaneously.

Price rises, open interest decreases—what does this indicate?
A large number of contracts are closing during the rally, not new long positions driving this move, but short positions being forced to close (short squeeze) pushing the price upward.
Once the squeeze is over, the momentum is gone.

Funding rates just turned positive, indicating longs are starting to pay, and market sentiment is shifting from bearish to bullish—
But when this turns positive, it’s often a sign that the market is approaching a cyclical top, not the start of a rally.

Looking at the long/short ratio: retail traders are only 33% long, 67% short.
It sounds like bears have the advantage, but combined with the sharp drop in OI, most short positions have already been liquidated.
How much fuel is left for further short squeezing?

The volume/OI ratio is as high as 26 times, indicating obvious suspicion of wash trading.
Such a volume-price relationship appearing at a very high level suggests that the probability of a high-level consolidation is much greater than a continued one-sided rally.

A coin that has nearly increased 9 times in 30 days—think carefully before chasing the high.
#WCTC交易王PK