$ALLO It’s up by almost 1x, but retail longs are only 33%—this order book doesn’t really look like a typical momentum chase rally.

The 24-hour gain is 97.91%. Price moved from 0.20734 to a peak of 0.47935, and trading volume directly hit $1 billion.
More importantly, OI surged by 167.2% in a single day. With still $40.4 million in open positions, new entries aren’t creeping in slowly—they’re getting squeezed in all at once.
The long-short ratio is only 0.49, suggesting many participants on the market are still standing on the short side, but the large traders’ long-short ratio is 1.22—so the structure has already split.
The funding rate is just 0.005%. For 3 consecutive periods, longs have been paying. It’s not expensive, but it indicates longs have been holding the premium position.
Spot premium is 0.2301%. The active buy-sell ratio is 1.12. OBV is still flowing in—price is hot, and funds haven’t fully withdrawn.
RSI at 67.8 hasn’t entered the extreme zone yet. The Bollinger upper band is at 0.5411, and the current 0.44502 is still some distance from the frenzy zone.
In this kind of market, the most dangerous part isn’t that the move is big—the dangerous part is that the shorts haven’t fully surrendered yet, new positions are still being added, and the gunpowder for a short squeeze hasn’t dispersed.
$ALLO # Contract Anomaly
Generated using the Claude Opus 4.8 model. Claude is AI and can make mistakes. Please double-check the responses.