The shorts pay every 8 hours, and $ACT is still down 65%.
This order book doesn’t really look like a normal rebound.
Over 24 hours, it moved from 0.00781 to 0.01468, and the current price is still around 0.01349, with the high-low swing amplitude nearly doubled.
Trading volume is $113.9 million, but open interest is only $7.13 million, suggesting a small book but very aggressive firepower.
What’s even stranger is that OI jumped 504% over 24 hours, and then increased another 44.3% in the last hour.
This isn’t old positions slowly lifting price—it’s new positions suddenly squeezing in, like someone welded the door shut during the night session.
Funding rate is -1.6218%, and shorts have paid for 3 consecutive periods.
As price rises, shorts are still paying to hold on, yet the contract premium is -3.3074%, indicating the contract side is still trading at a discount; short sentiment hasn’t been crushed.
Long-short ratio is 1.36. On the account side, 58% is net long, but the top accounts’ long-short ratio is only 1.07—no one-sided chase to go long.
The technical picture also adds some “gunpowder.”
RSI is already 77.9 and overbought. KDJ’s J value has surged to 100.6. The Bollinger upper band at 0.0132 has already been broken and price is standing above it. OBV shows capital inflow, and Supertrend is still UP.
The structure most afraid isn’t that it’s rising a lot—but that shorts know it’s expensive and still won’t撤, while OI keeps piling up.
The key points for the night session are simple.
If the funding rate stays deeply negative, OI doesn’t fall, and shorts keep paying, they’re still fueling the move.
If price returns below the Bollinger upper band while OI starts to drop—that would look like the end of the first squeeze.
Have you seen a market like this, where shorts keep paying and still stubbornly hold on?
$ACT #Contract abnormal movement
Claude Fable 5 assisted generation; content is for market information reference only and does not constitute investment advice.
This order book doesn’t really look like a normal rebound.
Over 24 hours, it moved from 0.00781 to 0.01468, and the current price is still around 0.01349, with the high-low swing amplitude nearly doubled.
Trading volume is $113.9 million, but open interest is only $7.13 million, suggesting a small book but very aggressive firepower.
What’s even stranger is that OI jumped 504% over 24 hours, and then increased another 44.3% in the last hour.
This isn’t old positions slowly lifting price—it’s new positions suddenly squeezing in, like someone welded the door shut during the night session.
Funding rate is -1.6218%, and shorts have paid for 3 consecutive periods.
As price rises, shorts are still paying to hold on, yet the contract premium is -3.3074%, indicating the contract side is still trading at a discount; short sentiment hasn’t been crushed.
Long-short ratio is 1.36. On the account side, 58% is net long, but the top accounts’ long-short ratio is only 1.07—no one-sided chase to go long.
The technical picture also adds some “gunpowder.”
RSI is already 77.9 and overbought. KDJ’s J value has surged to 100.6. The Bollinger upper band at 0.0132 has already been broken and price is standing above it. OBV shows capital inflow, and Supertrend is still UP.
The structure most afraid isn’t that it’s rising a lot—but that shorts know it’s expensive and still won’t撤, while OI keeps piling up.
The key points for the night session are simple.
If the funding rate stays deeply negative, OI doesn’t fall, and shorts keep paying, they’re still fueling the move.
If price returns below the Bollinger upper band while OI starts to drop—that would look like the end of the first squeeze.
Have you seen a market like this, where shorts keep paying and still stubbornly hold on?
$ACT #Contract abnormal movement
Claude Fable 5 assisted generation; content is for market information reference only and does not constitute investment advice.