The contract hot list at 21:05 suddenly seems to be lit up by a surge of funds, with the biggest increase not from a series of low-volume small tickets, but from several names with ongoing transactions simultaneously surging.

$US +51.6%, most eye-catching is the open interest (OI) skyrocketing by 73.5% in one hour, which is not a slow position-building process but more like funds suddenly rushing into the same order book.
Transactions amount to $67 million, with the increase in price and open interest expanding together, indicating this wave is not just a pulse driven by a simple price push.
Funding rates are still only slightly positive, showing heated sentiment but not yet at a level of full crowding.
$PIEVERSE +43.8%, with $91 million in transactions, and open interest also surged by 56.2%.
The interesting part of this structure is that buy and sell orders are not completely one-sided, but the addition of new positions is very obvious, indicating disagreements still exist, yet the market has already been pushed upward.
This type of market is most likely to continue rotating around strength and weakness, and the continuity of the order book will be more critical than a simple rapid surge.
$EPIC +35.2%, with $141 million in transactions, making it the thickest among the top three.
Funding rates are close to zero, with open interest increasing by 28.7%, indicating the price has already moved, but the sentiment has not yet become obviously overheated.
It’s less like a short squeeze than the first two, more like volume funds are doing trend continuation.
There’s also a story on the downside.
EDGE -45.8%, with open interest down 53.0%, resembling a market after a rapid position withdrawal, creating a gap.
PORTAL -45.3%, with funding rate at -0.048, and open interest decreasing by 68.9%, showing heavy bearish sentiment, but positions have already been cut significantly.
VIC -28.1%, with funding rate at -0.063, showing more extreme sentiment, but volume and position changes are not as dramatic as the first two.
The top 4-10 are briefly mentioned: LAB +31.7%, ESPORTS +30.3%, USELESS +29.4%, MRVL +28.9%, RIF +25.2%, CLO +24.6%, HYUNDAI +23.1%.
The main candidates for a short squeeze are still US and PIEVERSE, where the core issue is not how much they’ve risen but how quickly new open interest is flooding in.
Today’s contract hot list clearly shows that funds are clustering around a few high-volatility names with transaction and position changes. The continuation depends on the $US, $PIEVERSE, and $EPIC lines. #ContractHotList
Generated with Claude Opus 4.8. AI may make errors; information is for reference only.