3.7 hours ago, the $AIO that was watched was realized: the price continued to surge, but the funding rate actually decreased.

First, look at the funding footprint.
The T0 price was 0.18954, now it’s at 0.2106, then it rose another 11.11%.
The 24-hour increase went from 77.99% to 84.72%, and its ranking moved from 3rd to 2nd, showing the heat hasn't cooled down.
What’s really moving strongly is the position.
Open interest (OI) increased from $7.9M to $9.9M, and after T0, it added another 25.16%.
The 24-hour OI change is still +124.4%, which isn’t just price drifting; it’s positions continuing to push inward.
Trading volume also caught up.
The trading volume went from $126.8M to $181.3M, an increase of 43.02%.
Taker buy-ins went from 1.00 to 1.06, indicating active buy orders are slightly dominant, but the long-short ratio dropped from 1.54 to 1.42, and the long position share decreased from 61% to 59%, suggesting some crowded longs are loosening.
The most interesting part is the funding rate.
It’s still eight consecutive periods where longs pay, but the rate dropped from 0.0124% to 0.005%, indicating the cost pressure on longs isn’t continuing to grow.
The conclusion of this review is very clear: $AIO this time, it’s a realization, but with the price at a high level and OI continuing to expand, the key point moving forward is whether the new positions are being absorbed or if they become fuel for high-level volatility.
#AIO
This content was generated with the assistance of Claude Opus 4.8, for informational purposes only. Please verify independently.