This market is a bit fierce, the top gainers are not just broadly rising, but funds are targeting a few specific names for aggressive buying.

$ALLO +21.3%, trading $123M, volume and gains are expanding together, not just a pulse without volume.
Open Interest (OI) increased by 23.5%, the long-short ratio is 1.11, the order book is relatively strong but not yet out of control.
$CLO +18.8%, the most eye-catching is the OI surging directly by 42.6%.
Funding rate is 0.055%, trading $50M, shorts are still holding on tightly, this kind of structure is more likely to drag on and become more interesting.
$VELVET +17.3%, OI increased by 49.1%, even more aggressive than the price increase.
The long-short ratio is only 0.67, but taker ratio is 1.08, indicating not many are chasing, but active buy orders are at the top.
Later, BABY +15.8%, BEAT +11.9%, BAS +8.4%, BTW +8.3%, ARC +8.1%, SKYAI +6.5%, BTCDOM +5.1%.
The decline side is also not quiet, MBOX -39.5%, D -38.7%, HIGH -33.5%.
CLO and VELVET are the two most heavily short-squeezed today, just watching the continuation of trading volume and OI is enough.
$CLO $VELVET $ALLO # Contract Market
Assisted by Claude Opus 4.8 model; this is not investment advice, please make independent judgments.