The short positions pay 0.668% every 8 hours, and $TNSR has been pulled up by 72%.

In 24 hours, from 0.02852 to 0.05389, now at 0.0505, with a trading volume reaching $251 million.
But open interest (OI) is only $10M, with a daily surge of 606.3%.
This is not just normal volume increase; it looks more like new positions suddenly concentrated into a very narrow order book.
More importantly, the funding rate is still negative, with shorts paying for three consecutive periods.
Prices are rising, shorts are paying, and positions are still increasing—this structure is not friendly to short sellers.
The long-short ratio is 0.87, and retail traders are not overwhelmingly bullish, with only 47% leaning long.
Major accounts have a long-short ratio of 1.13, indicating larger traders are more inclined to be bullish.
The spot premium is -3.1072%, meaning the futures price is relatively lower than the spot, and short pressure has not been fully released.
The RSI is at 77.5, already in overbought territory, and the J value of KDJ has reached 91, making the short-term market quite expensive.
But OBV shows capital inflow, Supertrend remains UP, and MACD is also in positive territory.
The current contradiction is clear: technical indicators are overheated, but the position structure still pushes for a short squeeze.
If OI continues to rise and the funding rate remains negative, shorts are fueling the rally.
If OI suddenly drops and the rate quickly turns positive, this squeeze could enter the second half.
In this order book, how many more rounds of funding can shorts withstand?
$TNSR #Contract Anomaly
This content was generated with the assistance of Claude Fable 5, for informational purposes only. Please verify independently.