Today, the contract market is very collective,

Funds are only chasing a few strong order books.
#1 $TRUTH +35.2%
Funding rate 0.06%, quite hot.
Open interest surged by 169.6%, rare to see.
The increase in price and position explode together,
Unlike normal pulse markets.
#2 $LAYER +26.6%
Funding rate -0.044%, shorts paying.
Open interest increased by 161.8%, very heavy positions.
Shorts are still holding on tightly,
This structure is most easily squeezed.
#3 $SUI +22.4%
Trading volume $614M, full online.
Long to short ratio 1.88, longs are dominant.
The increase isn’t the most exaggerated,
But liquidity feels more like the main battlefield.
#4 $UB +17.3%
Only the price increase data is disclosed.
Following strong beta expansion,
But depth still needs order book confirmation.
#5 $Q +16.5%
Only the price increase data is disclosed.
Belongs to the second-tier rebound,
Hot but not enough information.
Top 6-10 in brief:

1000XEC +14.2%
BAS +12.8%
INX +12.3%
I’m f***ing here +11.4%
Clear candidates for short squeeze:
TRUTH and LAYER are both on the list.
LAYER shorts are still adding positions,
The longer it drags, the easier it is to cause extreme volatility.
Overall summary:
Today isn’t a full market rally,
It’s strong order books drawing attention.
Focus on TRUTH and LAYER,
Then watch SUI’s continuation.