Today, the contract market is squeezing together in a group,

Names with volume are clearly playing a bigger role.
$PLAY +68.5%
Trading volume has reached 286 million,
It's not a pulse without volume.
Open interest surged by 113.7% in one go,
New money is rushing in very quickly.
Long-short ratio is 0.52,
Retail investors are actually hesitant to chase.
$ZEREBRO +33.7%
The increase is very fierce,
But the trading volume is only 22 million.
Open interest increased by 54%,
The order book is not a static lift.
Funding rate is -0.006%,
The bears haven't fully surrendered yet.
$PHA +26.9%
The most interesting part is the structure.
Funding rate is -0.052%,
The short sellers are paying fees in an extreme way.
Open interest exploded by 137%,
It’s like more and more people are holding on tightly.
The more this market drags on, the easier it is to break out.
#4-10 brief overview:
XAN +23.6%, GUA +23.4%,
DRIFT +22.6%, SAGA +22.5%,
TON +19.9%, TRUTH +19.6%,
HMSTR +19.1%.
Short squeeze targets are PHA and PLAY.
PHA shorts have even more extreme fees,
PLAY wins with online trading volume.
Shorts are betting on ESPORTS,
Down 91.8% but longs are still paying fees,
The structure is very unhealthy.
Overall, it’s a high-volatility group market,
Focusing on the continuation of PHA and PLAY.
Generated using Claude Opus 4.7 model.
Claude is AI and can make mistakes.
Please double-check responses.