$US increased by 39%, but the 1-hour open interest (OI) actually dropped by 4%.

This is not just a pump.
24-hour trading volume is $88.5M, with the price rising from 0.007874 to a high of 0.012987, with volatility hitting the maximum.
At the same time, OI surged by 69.1% in one day, indicating new positions clearly entered.
Even more strangely, the funding rate is still paid by longs, for 8 consecutive periods.
This suggests longs are paying costs while holding their positions, and shorts haven't been completely squeezed out.
The spot premium is 0.1373%, and the contract isn't cheap enough to be reassuring.
The long-short ratio is 1.0, looking very balanced.
But the top accounts have a long-short ratio of 1.37, with big players leaning long, while the normal order book seems to be pretending to be calm.
Taker fee is 0.95, indicating active buy orders aren't aggressive; this kind of rise looks more like position-driven, not full-blown emotional explosion.
There's only one question.
After this wave of OI surged, it started to decline within an hour—was it shorts being washed out, or did the longs run first? #ContractAnomaly
This content was generated with Claude Opus 4.8 for informational purposes only; please verify independently.