Just took a quick look at TER's on-chain data, open interest surged 85% in 24 hours, but the price hardly moved, this scene gave me chills.

Large transfers are happening simultaneously, that batch of "smart money" on the chain seems to have pre-squatted the trap. Someone in the market is secretly accumulating positions, but the chart shows no signs of activity—either building up strength or laying mines.

Open interest skyrocketed but the price remains sideways, such divergence usually has only two outcomes in the derivatives world: either a big bullish candle blasts through the shorts, or longs get liquidated, flushing out the floating supply. My position isn't heavy, but I wouldn't chase after this signal—wait to see which way it breaks first.

From my experience, a sudden spike in OI with no price movement indicates both bulls and bears are increasing bets, and the funding rate hasn't shifted dramatically yet, meaning it's not yet the time for a one-sided liquidation. Entering now risks getting caught on both sides.

I'd rather wait for it to choose a direction before following, rather than betting on this uncertainty.

Volatility Radar—I've seen this label pop up several times recently, and I’ve been tracking such abnormal coin movements. Today’s OI surge in TER is indeed a typical abnormal signal.

If the funding rate starts to shift toward one side, it will likely trigger chain reactions of liquidations, transmitting volatility to nearby altcoins and contract accounts, and liquidity will also shrink sharply. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #预测世界杯加拿大VS卡塔尔