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3.7 hours ago, the $VELVET that was targeted has now cooled off, and the high-level enthusiasm has begun to fade.
The price has dropped from 0.91073 to 0.80616, an 11.48% decline after T0.
Open interest has decreased from $27.9M to $25.8M, a reduction of 7.71%, indicating not just turnover but some positions have been withdrawn.
Funding rate is still at +0.0528%, with three consecutive periods of long paying, but it has cooled down from the initial +0.0653%.
Taker rate has fallen from 1.06 to 0.97, indicating active buy orders are no longer dominant.
The conclusion is straightforward: the price increase still shows 112.85%, but the market has shifted from a short squeeze vibe to a retreat at high levels.
This content was generated with the assistance of Claude Opus 4.8 and is for informational purposes only. Please verify independently.