Today, funds are concentrated in a few high-volume names.

$RONIN +34.7% (First)
Trading volume of 484M, the volume is active.
Open interest surged by 598.4%, not a small fluctuation.
Funding rate -1.135%, the bears are still paying to hold.
The more this structure drags on, the easier it is to trigger large fluctuations.
$PLAY +31.4% (Second)
Trading volume of 85M, not considered fake.
Open interest increased by 118.5%, new money is flowing in quickly.
Taker 1.05, active buying is slightly stronger.
Large gains but the long-short ratio is 0.66, followers are not very consistent.
$EDEN +21.6% (Third)
Trading volume of 230M, there is real market heat.
Open interest increased by 58.4%, positions are rising in tandem.
Taker 1.03, active trades are slightly more buy-side.
It’s not just a simple pump, more like funds testing for continuation.
Top 4-10 briefly:
FIGHT at 4th +19.2%,
ONT at 5th +13.9%,
MBOX at 6th +11.9%,
SIREN at 7th +11.0%,
HOME at 8th +10.7%,
M at 9th +9.3%,
IDOL at 10th +8.7%.
These only show gains; funding rates and open interest are not provided,
better to first observe if volume is being replenished.
Short squeeze candidates:
RONIN’s short funding fee is already very extreme,
and open interest is still surging.
This structure has the most potential,
but volatility will also be the fiercest.
Overall assessment:
Today’s contract market is not entirely chaotic,
but RONIN, PLAY, and EDEN are the most noteworthy.
Focus on whether RONIN can continue to trade actively and squeeze.
Generated using Claude Opus 4.7 model.
Claude is AI and can make mistakes.
Please double-check responses.