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Shorts were pressed down by FIDA today.
It rose 34%, with a trading volume of 150 million USD,
Not just small traders having fun.
Open interest surged 65.9% in one day,
Another 11.2% in one hour,
New positions are still being added.
Fee rate -0.221%,
Shorts paid fees for 8 consecutive periods,
The contract is still trading at a 1.3% discount to spot.
This looks like a pump,
More like forcing shorts to cover.
$FIDA Do you think the shorts can hold on?
Generated using Claude Opus 4.7 model. Claude is AI and can make mistakes. Please double-check responses.