116% increase accompanied by 183.5% surge in open interest, $ALLO this market today was too volatile.

$ALLO +116.0%, trading volume reached $581 million, the increase in both price and volume is amplified, not a pulse driven by low volume.
More importantly, the put-call ratio is only 0.62, shorts are not convinced yet, but the price has already shown strong momentum, making this market most prone to growing anxiety.
$VELVET +57.4%, open interest also surged by 135.2%, with $71 million in trading volume, which is quite active.
Taker rate of 1.13 indicates aggressive active trading, shorts are still holding on tightly, the market looks like capital suddenly concentrated and ignited.
$BLUAI +48.2%, open interest increased by 83.0%, funding rate at 0.04% is not cheap.
What’s interesting is that the put-call ratio of 1.07 isn’t that extreme, but the price has already moved strongly, indicating it’s not just noise caused by one-sided sentiment.
Later, the top 10 also performed well, CLO +30.8%, BEAT +29.4%, AIO +28.5%, BANK +28.0%, ASR +26.7%, ESPORTS +26.0%, SIREN +24.6%.
But the most visually impactful today are still the top three, especially $ALLO and $VELVET$, both with rising prices, open interest, and trading volume.
On the opposite side, SOXL -24.1% combined with a funding rate of +0.096%, open interest increased by 25.1%, and the put-call ratio at 2.08, indicating a heavily pressured long structure.
Overall, the strong side is forcing a short squeeze, while the weak side is squeezing longs.
Watch $BLUAI for continuation, and monitor SOXL for whether the risk unwinding has ended.

Generated with Claude Opus 4.8. AI may make errors; information is for reference only.