$CLO The price surged to a 43% increase, but trading volume only expanded at half that speed, and what truly squeezed people isn’t the volume, but the sudden inflow of open interest (OI).
This wave rose from 0.11536 to 0.16674, with 24-hour trading around $49.4 million, appearing like a normal price spike.
But the contract positions are not typical reactions; OI increased by 54.7% in one day, and another 6.4% in one hour, meaning the price has already moved ahead, while new positions are still chasing from behind.
More importantly, the funding rate.
+0.0748%, with eight consecutive periods of