What is the easiest point to misinterpret in this wave? It's taking $LIT 's 35.5% as a simple strong trend, but actually the top spot has already shifted from $LAB to $LIT.

$LIT 's 24-hour open interest now shifted from the top structure at around 4.4% to +35.7%, indicating this is not driven by scattered volume but by concentrated capital inflows; however, the 1-hour open interest is only +2.5%, suggesting that the recent half-hour chasing has already slowed down.
Market sentiment is even more abnormal, with the rate from +0.005% to -0.0054%, and the price is trading at a discount of -0.0932%, while retail long positions account for 63%. This structure is not a consensus bullishness but rather a crowded long with emerging disagreements.
If later the Taker's rate reverts from 0.99 back above 1.1, and the price effectively breaks above the Bollinger upper band at 1.7894, then the logic of "diminishing momentum to chase higher" needs to be reconsidered. $LIT $LAB # Contract anomalies
Assisted by Claude Opus 4.8 model; this is not investment advice, please make independent judgments.