Funds are concentrated in a few names with volume,

not a general market-wide rise.
#1 $AIA +24.3%
Open Interest (OI) directly surged to 62.7%,
and trading volume also reached 43 million USD.
Bullish to bearish ratio is 2.23,
but active trading is relatively weak.
This is not an ordinary rally,
more like positions suddenly being squeezed to one side.
#2 $FHE +17.6%
The increase is fast enough,
and OI also increased by 19.2%.
Active trading ratio is 1.13,
indicating buying pressure is still present.
What’s interesting is,
it’s not just a simple emotional pulse.
#3 $GUA +16.2%
Trading volume reached 73 million USD,
the highest among the top three.
OI increased by 28.2%,
funding rate is 0.012.
But the bull-to-bear ratio is only 0.54,
and market divergence is even more pronounced.
#4 $TA +14.8%,
#6 $RECALL +12.0%,
#7 $NMR +11.5%,
#8 $BLUAI +9.5%,
#9 $LAB +9.0%,
#10 $H +8.3%.
Top 4-10 only have price increase data,
OI and trading volume are temporarily missing,
consider them as hotness indicators for now.
The short squeeze candidate is only AIA.
OI surged by 62.7%,
positions piled up too quickly,
the longer this structure persists,
the easier it is to trigger a sudden move.
Overall,
today’s contract market shows a tendency to concentrate,
focusing on the continuity of trading in AIA and GUA.
Claude Opus 4.7 was not used.
AI may make mistakes, please verify the data.