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The easiest to misread is that the top spot is not a continuation, but a change of person.
30 minutes ago, the top spot was $NIL up 120.32%, now it has become $SKYAI up 84.83%, indicating that the hotspot has shifted from an extreme surge to a new high-volatility target.
$SKYAI 's open interest increased from about 19.92 million to 39.32 million USD, and the rate went from -0.0216% to +0.1635%, showing that positions are still entering, but the long cost has already significantly increased.
A simple counterexample: if open interest begins to decline, the rate remains high, but the price cannot push back to the 24-hour high near 0.36796, then this late stage is not strong, but squeezed.
$SKYAI $NIL # Contract anomalies
Assisted by Claude Opus 4.8 model; not investment advice, please make independent judgments.