Today’s hot tokens—watch only these few.
EUL’s holdings surged 274.6%, DEXE’s funding rate dropped to -0.453%, and neither of the top two anomalies is supported purely by price increases.

$EUL is up 60.0%, with trading volume of $322 million and holdings rising in tandem by 274.6%.
At the current price of 1.7106, it’s still near the 24-hour high of 1.83. New positions have been pouring in, concentrated at the highs—worth keeping an eye on for what happens next.

$DEXE is up 33.3%, with trading volume reaching $1.513 billion and holdings up 27.9%.
The funding rate has been pushed down to -0.453%. Shorts are continuously paying and holding on hard, and with the price moving from 6.45 down to 4.627, both squeeze effects and turnover are happening at the same time.
$ESPORTS is up 27.2% with $230 million in volume, but passive selling slightly outweighs active selling.
Price is still holding around 0.0589, not far from the 0.064 high—suggesting sell pressure is currently being absorbed. Continuation depends on whether trading can keep scaling up.

From ranks 4 to 10: SYN is up 21.4%, Q up 20.4%, 1000SHIB up 18.6%, LIGHT up 16.0%, AKE up 14.8%, PTB up 14.0%, and BANK up 13.8%.
On the downside, ALLO is down 26.8% with holdings reduced by 35.7%, which looks more like capital moving out. RIF is down 20.6%, and CAP is down 18.8%.

The most obvious short-squeeze structure is in DEXE. The costs being borne by shorts are already extremely extreme—when a structure like this drags on, it’s more likely to produce a move.
Overall, capital is concentrated in a few high-volatility coins. First, watch whether EUL’s new positions can translate into sustained trading. Then, assess how DEXE’s short pressure is being released.
$EUL $DEXE $ESPORTS #合约市场 #Order book observation

Compiled with assistance from Claude Fable 5. For information purposes only—please verify independently.