Today, the contract market is very collective,

Funds are only chasing a few high-volume names.
#1 $FIDA +82.7%
Trading volume reached $443M,
Open interest directly surged by 170.8%.
The increase in price and position exploded together,
This is not a volume-less pulse.
Funding rate -0.01%,
Long-short ratio is only 0.76.
Bears are still holding on hard,
The order book looks like it's squeezing people.
#2 $EDEN +45.7%
Trading volume is even larger, $608M,
Open interest also increased by 18.6%.
This wave is not purely emotional rally,
There are people continuously adding positions inside the market.
Taker 1.06,
Long-short ratio 0.65.
Chasing the rally isn't crowded,
But active trades are on the long side.
#3 $JTO +30.6%
Funding rate -0.056%,
Open interest increased by 52.0% in sync.
Bears are paying and adding positions,
The structure is very interesting.
Trading volume is only $74M,
But the order book is more elastic.
In this negative funding rate environment,
The longer it drags, the easier it is to see volatility.
Top 4-10 overview:
#4 NIL +28.2%,
#5 BB +23.4%,
#6 BANANAS31 +21.7%,
#7 ESPORTS +20.3%,
#8 SWARMS +19.1%,
#9 ZEC +18.9%,
#10 2Z +17.7%.
Candidates for short squeeze are FIDA and JTO.
JTO bears have the most extreme costs,
FIDA positions are pouring in the most exaggeratedly,
Both are names with hot order books.
Overall, it's a strong collective rally,
First watch if FIDA can continue,
Then see if JTO's negative funding rate can ferment.
Using Claude Opus 4.7
Model generated.
Claude is AI and can make mistakes.
Please double-check responses.