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COS today pushed the shorts into panic
43% surged straight to #1 on the chart,
24-hour trading volume is 285 million,
Open interest exploded by 251% in a single day,
New positions look like they’re being forced into the market.
What’s even stranger is the fee rate at -1.149%,
Shorts have been paying for 4 consecutive rounds to hold their ground,
Spot is also trading at a 0.758% discount,
This order book is clearly abnormal.
Do you think this is forcing a short squeeze mid-game,
Or the final swing?
$COS
generated using the Claude Opus 4.7 model. Claude is AI and can make mistakes. Please double-check responses.