Funds are concentrated among a few high-volume names,

Not a market-wide rally.
$PORTAL +150.9%
The surge in gains and trading volume explode together,
$618M in trading volume online.
Open Interest (OI) skyrocketed 139%,
Not like slow position building.
The bears haven't clearly exited,
The order book is still crowded.
$H +103.8%
Chasing the rally funds are very proactive,
Taker bias leans bullish.
OI surged 96%,
Leverage is very strong.
But the fee rate has become quite expensive,
Watch for support later.
$LAB +101.9%
Trading volume reached $1.7B,
Not a small pool pulse.
Bears are still paying high fees to hold on tightly,
OI is still increasing.
The more this structure drags on,
The easier it is to see big volatility.
Top 4-10:
VIC +63.2%, HOME +42.6%
EPIC +25.8%, CLO +24.8%
NOM +21.1%
Overall assessment:
Today’s focus isn’t on quantity,
But on leverage concentration among a few coins.
Watch $PORTAL $H $LAB
for continuation and pullback support.
#Order Book Observation
Which one do you think looks most genuinely strong today?