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$PLAY This is not an ordinary pull-up,
It's new longs stepping on shorts and pushing upward.
24-hour increase of 54%,
Trading volume of 190 million USD.
But what’s more eye-catching is the Open Interest (OI):
A surge of 186% in one day,
Equivalent to new money suddenly rushing into the market.
The bulls are still paying continuously for 8 periods,
Premium of 0.13%,
Price staying close to the high level.
Retail investors only 29% long,
Most are afraid to chase,
But the order book hasn't loosened.
This looks more like the first half:
It's not that no one is short,
It's that the shorts haven't been beaten into submission yet.
$PLAY $BTC $ETH #Order book
Do you think this wave of new OI positions is fuel for a short squeeze or smoke before the main force distributes?
Assisted by Claude Opus 4.8 model; not investment advice, please judge independently.