Let me mention a few others with less hype. Yesterday was strange—right after midnight, several tokens surged, but shortly after, they crashed hard. I couldn’t figure out what was going on; now they’re all sitting on the loss leaders list. One is ethereum:0x6c76de483f1752ac8473e2b4983a873991e70da7. I noticed in the afternoon that the funding rate was positive, but the borrowing rate spiked sharply—this wasn’t arbitrage activity. That leaves only one plausible explanation: whales trying to reduce selling pressure. Open interest was gradually increasing, then precisely at midnight it surged, only to crash just as quickly. This looks like a test of the market—probably didn’t get the response they wanted, so they retreated to the loss leaders list. Another is ethereum:0xc477b6dfd26ec2460b3b92de18837fd476ea7549. It shot up suddenly, then dropped just as fast. If there’s any intent here, it seems like a market test—when no clear counterparty appeared, they closed many positions and reduced open interest. The third is $BRIB, which is still on the gainers list. It’s been rising for several days, but open interest and spot volume remain modest, with a negative funding rate. Three days ago, futures started net outflowing—and now both spot and futures are seeing continued outflows.