Today, contract hotspots are concentrated in a small number of strong order books.
The focus isn’t just on price increase; the conflict between OI, funding rates, and active trading matters more.
$VELVET +66.0%.
Trading volume reached $1.1B; both the涨幅 and volume surged together—unlike a no-volume pulse.
OI jumped 39.3% in one hour, funding rate is 0.048%, the long/short ratio is only 0.46, and the shorts are still stubbornly holding out at high cost.
$BEAT +28.5%.
OI surged in by 45.8%, even more exaggerated than the price increase; the order book isn’t “warming up slowly.”
Funding rate is 0.021%, Taker is 0.91, and the long/short ratio is 1.30—suggesting chasing isn’t that consistent, but positions have already been piled up.
$SLX +28.0%.
The funding rate is still -0.004%, but Taker is 1.13, making the aggressive buy side more evident.
OI increased 9.0%; the structure isn’t as extreme as the first two, but it benefits from $368M in trading volume, so the market isn’t just going through empty rotations.
Quickly go over Top 4–10.
O +27.2%, ZEREBRO +24.8%, BASED +24.7%, RAVE +24.7%, S +23.1%, KGEN +21.8%, PHAROS +18.8%.
On the downside: SKYAI -45.0%, with OI falling in sync by 44.2%—more like capital is withdrawing.
US -24.5%, OI down 30.0%, but the long/short ratio is still 2.07, which is a fairly big mismatch.
The main short-squeeze candidates are VELVET and BEAT.
VELVET’s shorts are already bearing extremely high costs—this kind of structure becomes more likely to produce momentum the longer it drags on.
The overall vibe is strong players absorbing positions, while weak players bleed liquidity; the key to continuation is still whether the成交 of $VELVET , $BEAT , and $SLX can stay active.
#Contract data
This content is generated with the help of Claude Fable 5 and is for informational reference only—please verify it yourself.
The focus isn’t just on price increase; the conflict between OI, funding rates, and active trading matters more.
$VELVET +66.0%.
Trading volume reached $1.1B; both the涨幅 and volume surged together—unlike a no-volume pulse.
OI jumped 39.3% in one hour, funding rate is 0.048%, the long/short ratio is only 0.46, and the shorts are still stubbornly holding out at high cost.
$BEAT +28.5%.
OI surged in by 45.8%, even more exaggerated than the price increase; the order book isn’t “warming up slowly.”
Funding rate is 0.021%, Taker is 0.91, and the long/short ratio is 1.30—suggesting chasing isn’t that consistent, but positions have already been piled up.
$SLX +28.0%.
The funding rate is still -0.004%, but Taker is 1.13, making the aggressive buy side more evident.
OI increased 9.0%; the structure isn’t as extreme as the first two, but it benefits from $368M in trading volume, so the market isn’t just going through empty rotations.
Quickly go over Top 4–10.
O +27.2%, ZEREBRO +24.8%, BASED +24.7%, RAVE +24.7%, S +23.1%, KGEN +21.8%, PHAROS +18.8%.
On the downside: SKYAI -45.0%, with OI falling in sync by 44.2%—more like capital is withdrawing.
US -24.5%, OI down 30.0%, but the long/short ratio is still 2.07, which is a fairly big mismatch.
The main short-squeeze candidates are VELVET and BEAT.
VELVET’s shorts are already bearing extremely high costs—this kind of structure becomes more likely to produce momentum the longer it drags on.
The overall vibe is strong players absorbing positions, while weak players bleed liquidity; the key to continuation is still whether the成交 of $VELVET , $BEAT , and $SLX can stay active.
#Contract data
This content is generated with the help of Claude Fable 5 and is for informational reference only—please verify it yourself.