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Today, this candle is like someone is trying to grab tickets.
It rallied 62% in 24 hours.
Trading volume hit $353 million,
but the most frightening part isn’t the price increase.
Open interest surged 80.7% in a single day,
and fresh positions all rushed in.
Fee rate +0.125%,
and longs have been continuously paying for 8 periods while still pushing higher.
What’s even stranger is that
retail investors are only 39% long,
so many people don’t dare to chase,
but their positions have already piled up.
This feels like the short squeeze isn’t over—
or are the longs about to get harvested?
$B
generated using the Claude Opus 4.7 model. Please double-check responses.