Today, the contract market is very collective,

Funds are only chasing a few high-volume names.
#1 FIDA +35.6%
Trading volume $536M, the increase is not false.
Open interest surged 76.5%,
Shorts are still paying to hold on tightly.
This structure most resembles a continued short squeeze.
#2 JTO +33.9%
Trading volume $131M, hotness remains high.
Open interest increased 65.2%,
Funding rate -0.022%.
The more shorts hold, the tighter the market gets.
#3 EDEN +32.4%
Trading volume $638M, the thickest in the market.
Open interest up 25.3%,
Taker fee only 0.96.
Not a one-sided chase, more like a rotation upward.
#4 AIN +27.7%
Complete contract data missing,
But the increase ranks in the top four.
There is heat, market needs to see follow-through on volume.
#5 USELESS +27.7%
Complete contract data missing,
Increase tied with AIN.
Strong sentiment, but details are not transparent enough.
#6 1000CHEEMS +27.5%
Complete contract data missing,
Increase still close to the front.
A typical high-beta follow-up rally.
#7 BSB +24.8%
Complete contract data missing,
Increase starting to drop a notch.
Hotness remains, but strength is weaker than the top three.
#8 BEAT +21.2%
Complete contract data missing,
Increase stays above 20%.
More like a rebound and spread.
#9 SWARMS +21.1%
Complete contract data missing,
Increase closely follows BEAT.
Clear follow-the-sentiment trend.
#10 NIL +20.9%
Complete contract data missing,
Holding the bottom of the Top 10.
There is heat, but not the main trend.
Top 4-10:
AIN +27.7%, USELESS +27.7%,
1000CHEEMS +27.5%, BSB +24.8%,
BEAT +21.2%, SWARMS +21.1%,
NIL +20.9%.
Short squeeze candidates:
FIDA, JTO shorts’ funding costs
are already quite extreme,
the longer this structure drags on,
the easier it is to see big volatility.
Overall assessment:
Today is not a full market rally,
but funds are strongly grouping around certain markets.
Focus on FIDA and JTO,
for continuation, watch trading volume and open interest.
AI might make mistakes, please double-check the data.
Generated using Claude Opus 4.7 model. Claude is AI and can make mistakes. Please double-check responses.