This kind of market pattern is easy for seasoned traders to recognize; it's not just a simple rise, but new positions being forcibly pushed in.

$MAGMA The 24-hour increase is 62.53%, with trading volume reaching $146.7 million, but what’s more eye-catching is that open interest (OI) surged by 182.3% in a single day, indicating the price has already skyrocketed, and there are still a bunch of positions just getting in.
Eight consecutive periods of bullish paid positions, with retail traders only making up 39% of the longs—this structure is a bit unusual: most people claim to be afraid of chasing high prices, yet there are traders using real positions to withstand volatility.
The second half isn’t about how much it has risen, but whether it can continue to absorb the chasing positions near the previous high of 0.4688; if it can’t, it’s a sign of high-level profit-taking, but if it can, it indicates a short squeeze that could extend the rally.
$MAGMA #Contract Anomalies
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