$PIXEL

{future}(PIXELUSDT)
Honestly, today’s big bullish candle on PIXEL completely stunned me; it surged more than double at one point during the day. I was glued to the screen watching the data, and this sudden surge is even more exciting than the one a couple of days ago.
The trigger happened early this morning—several major exchanges suddenly announced adjustments to PIXEL’s funding rate settlement frequency, changing from every 8 hours to every hour. This move was so bold, it’s like telling the short sellers: "You’re paying the longs’ 'protection fee,' and now you’ll be paying it faster." As a result, the shorts that were still resisting completely collapsed, triggering a chain of liquidations, and the price was forcibly driven up by short covering.
It’s even clearer on the charts. I’ve been watching the open interest; during the surge, it didn’t decrease—in fact, it kept climbing, indicating that it’s definitely not retail investors playing around, but large funds entering to buy up, and the main players have no intention of exiting. Technically, the 4-hour chart shows consecutive massive bullish candles, a classic sign of institutional-driven momentum. Even more intense is that the funding rate remains deeply negative, meaning shorts are still "paying" longs, which is a typical short squeeze structure.