$BONK The analysis highlights key points about BONK's recent performance:

- *Price Surge*: BONK's price has increased significantly over the past week.

- *Open Interest (OI) Surge*: OI jumped 290% from $11 million to $43.2 million, indicating increased speculative activity.

- *Current OI*: $28 million, still higher than levels since December 2024.

- *Leveraged Long Positions*: Growing demand for leveraged long positions, reflected in the OI-weighted funding rate.

- *Bullish Sentiment*: Higher funding rates suggest traders expect prices to continue rising, potentially signaling an uptrend continuation.

This setup implies potential for further gains, driven by increased speculative activity and bullish sentiment.