$G In this 15m, it directly pulled up 9.5%, with volume at 2.73x, and the volatility Z reached 4.58.

But there’s a detail that’s actually pretty interesting: OI on the 15m is -1.14%, and on the 1h it’s -1.79%. Price is pushing upward while open interest is dropping. Yet the OI anomaly percentile is still at 95.6%—this doesn’t look like brand-new long positions are being aggressively opened. It looks more like shorts are being forced to cover, and they’re being squeezed upward along with existing positions.

The aggressive trades are down 13.6%, the buy/sell ratio is 1.32, and the close even broke above the top edge of the recent 20 five-minute candles. The funding rate is also in a high percentile recently. After grinding for several consecutive cycles in this extreme range, today it basically pierced through the boundary.

Over the last 24h, turnover is 630 million yuan. Across the whole pool, abnormal #5 and nominal change #8—the heat and money are both flowing in. With this kind of structure, I generally don’t chase the first leg. You want to see whether, after the short covering is done, there’s still someone willing to take the baton. $G