$BTW This night trading session isn't just a normal rally; it's the positions suddenly squeezing in and tilting the order book.

In 24 hours, it has risen by 69.5%, peaking at 0.04875, with the lowest still at 0.021165.
This isn't a slow grind up; it's a single move that wakes up everyone watching the night market.
Trading volume has reached 302.5 million USD, but only 5.8 million USD are open positions, indicating fierce turnover within the market, and the positions actually remaining in contracts aren't that large.
The most eye-catching is the Open Interest (OI).
In 24 hours, it surged by 408.3%, and in 1 hour, it increased by another 12.6%.
It's like the car is already speeding, and more people keep jumping on; it's not just spot trading excitement, but new contract positions piling in.
Even more interesting, long funding rates have been paid for two consecutive periods, with a funding rate of 0.0243%.
The price is rising, and longs are willing to pay to hold their positions, but the retail long-short ratio is only 0.56, with only 36% of traders taking long positions.
In other words, many are afraid to chase the price up, but some are already pushing their positions into the order book.
This kind of structure is most prone to night trading accidents.
If the price continues to stay near the high levels, shorts will be forced to watch both OI and funding rates together.
If trading volume cools down and OI doesn't decrease, a sudden liquidation wave could occur even more easily later on.
$BTW #Contract Anomaly
Tonight's key point is: will $BTW 's OI continue to break through 6 million USD, or will it first wash out this batch of new positions?
Generated with Claude Opus 4.8. AI may make errors; information is for reference only.