New positions rush into $BABY like opening the floodgates, while shorts are still losing money and holding on tight!

This rally isn't just about drawing a simple line; it surged 36.02% in 24 hours, with a trading volume reaching $346 million, and open interest directly skyrocketed by 279.5%.
What kind of scene is this?
It's not old positions slowly making profits and leaving, but new positions piling in batch after batch, turning the market from an obscure stall into a lineup at dawn to buy.
Even more exciting is that the funding rate remains at -0.1816%, with shorts paying continuously for 8 periods.
As the price moves upward, shorts have to pay a "parking fee" every 8 hours, creating a structure that easily pushes people into emotional chaos.
Open interest is only $10.1 million, but the trading volume is $346 million, indicating high turnover and many traders risking their skin on the line.
The long-short ratio is 1.39, with 58% of accounts leaning long, and top-tier accounts have a long-short ratio of 1.28. It’s not a one-sided market, but the bulls clearly hold the emotional advantage.
Spot premium remains at -1.4791%, and the futures are more inflated than the spot, indicating that chasing the rally and hedging funds are fighting in the same pot.
The technicals are not blindly overbought; RSI is at 54.4, still neutral, Supertrend has turned UP, OBV shows inflow, but KDJ’s J value is only 2.8, making the short-term rhythm uncomfortable.
The Bollinger middle band is at 0.0176, and the current price is 0.01741, just touching the middle band. The previous extreme wick at 1.3 in 24 hours looks more like a market anomaly left as a scar.
$BABY The most critical thing now isn’t how much it has risen, but how long shorts are willing to pay to hold on.
As long as negative funding rates and high open interest coexist, this isn’t just a normal rebound; it’s an ongoing short squeeze drama that hasn’t played out yet.
$BABY #Short squeeze lurking
This content is generated with the assistance of Claude Opus 4.8 for informational purposes only; please verify independently.