2026-01-18 11:30:40

As of January 18, 2026, 18:59, the market shows a polarized trend. In the top gainers and losers list, small-cap tokens are more active, while large-cap tokens are experiencing adjustments.

**Bullish Momentum Fully Unleashed**

ME leads the gainers, with an hourly increase of 23.73%, soaring from $0.2482 to $0.3071, nearly a 6% increase within one hour. Spot and futures trading volumes reach 8.96 times and 13.09 times respectively, with futures buy pressure surpassing 1x to 1.03x. The long-short ratio hits 1.55, indicating a clear bullish dominance, but the fee rate shows -0.8630%. This negative fee rate combined with crowded shorts suggests caution regarding liquidation risks.

MAGIC follows closely, with a 12.66% increase, rising from $0.1035 to $0.1166. Spot volume explodes to 34.29x, far exceeding the futures volume of 17.36x, indicating that the main capital still comes from spot buying. The futures long-short ratio is 1.61, also leaning bullish.

MOVE, MOCA, and VANA are also rising, with gains of 9.81%, 7.05%, and 6.48% respectively. Among them, VANA's spot volume reaches 67.02x, and futures volume is 26.94x, showing high participation levels across these tokens.

**Lackluster and Divergent Declines**

STO leads the decline, with an hourly drop of 8.16%, falling from $0.1103 to $0.1013. However, both spot and futures volumes are very low, at 2.38x and 1.43x respectively, indicating a volume-deficient decline.

AXS drops 7.75%, from $2.051 to $1.892. An interesting phenomenon here is the long-short ratio at 0.99, with shorts slightly leading for the first time, suggesting that short-selling forces are beginning to gather.

BERA, MET, and RARE are also on the decline list, with drops of 6.81%, 6.15%, and 5.33%. BERA's fee rate reaches -0.5726%. RARE continues to appear on the list, and a major trend may be starting, with warnings of crowded shorts re-emerging.

**Market Observation**

Based on order book data, buy pressure remains generally low, with most tokens trading in the 0.13-1.20x range. Regarding the long-short ratio, bullish tokens clearly dominate, while bearish tokens show signs of short accumulation. Fee rate data indicates some tokens have entered negative fee territory, which usually means rising costs for short positions.

Overall, the market exhibits an active small-cap segment and a consolidating large-cap segment. Traders should pay attention to the risks of liquidation caused by crowded shorts and monitor fee rate changes that reflect the balance of bullish and bearish forces.

ME13,46%

MAGIC-8,84%

MOCA-7,75%

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Hash_Bandit

· 12h ago

me pumping 23% in an hour? nah, that funding rate screaming liquidation incoming... been here too many times lol. retail fomo is real but the network isn't ready for this kinda volatility tbh

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PhantomMiner

· 14h ago

ME this wave is really a dead end, 23 points in one hour pushed to the limit, how many shorts have been liquidated MAGIC spot volume exploded 34 times, this is the real fund volume, contracts are just fake RARE keeps making the list and still dares to short, are you trying to commit suicide? Small coins are just gambling, large coins are normal adjustments, waiting for opportunities Negative fees, the cost for shorts is rising, we need to watch carefully later AXS bears are in the lead, feeling like a reversal is coming VANA's spot volume is 67 times, what kind of monster is this? STO with insufficient volume for a drop, has no reference value at all

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TokenUnlocker

· 14h ago

ME this wave is really crazy, skyrocketing to 23 points, the shorts are probably about to be wiped out in a clean sweep MAGIC spot 34x, this data is a bit crazy, retail investors are still rushing in Small tokens are wildly active, large tokens are dead and silent, this market is really a bit fragmented RARE keeps climbing the rankings, shorts are crowded, be careful, it’s easy to get hit back in the opposite direction Negative fees paired with short squeezes, this signal isn’t very good, brother

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LiquidityWhisperer

· 14h ago

This wave of ME is directly taking off, shorts are about to be liquidated. MAGIC spot volume is 34 times, the main force is accumulating. Small coins are indeed crazy, but big coins are cold as hell. The AXS signal is a bit interesting, will the bears gather and reverse the attack? RARE keeps making the list, be careful. Negative fees could break at any time under these circumstances. VANA has such a large market cap, position holdings need to be stabilized. STO dropped so sharply, but the trading volume is insufficient, suspicious. Small coins are rising, big coins are falling, this wave of divergence is a bit extreme. Coins with inverted fees, the risk is mainly on the contract side.

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SchroedingerMiner

· 14h ago

The ME surge is really incredible, but that negative fee is a bit scary... MAGIC spot 34x? Feels like someone is dumping the market. Small coins taking off while big coins are stagnating, this rhythm is a bit showy. Be sure to keep an eye on the crowded short positions; liquidations are unpredictable. VANA's 67x volume... the popularity is really hot, just worried about the bagholders. Is AXS favoring the bears? This shift is quite sudden. Be cautious with the reverse fee situation; it's usually not a good sign. Now, it's safer to go for small coins or hold big coins, feeling a bit conflicted. Watching the top gainers, I feel like I missed out.

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HalfIsEmpty

· 14h ago

These 23 points in ME can't hold the gains, beware of a reverse charge fee liquidation MAGIC spot volume exploded 34 times, is this real demand or just another pump and dump? Small coin rotation is happening again, what's up with Bitcoin and Ethereum, they're all adjusting RARE is on the list again, is a short squeeze really coming? AXS bears are in the lead, feels like a sign of a rebound before the drop Full negative fees are really stressing, the bulls should go to sleep VANA's 67x spot volume is a bit outrageous, is the main force testing the waters? Small coins are firing on all cylinders while big coins are adjusting, this rhythm is a bit disgusting Warning of inverted long-short ratio, the liquidation machine gun is about to fire again I don't understand this wave of market, small coins are skyrocketing while big coins are in a bear market, the contradiction is a bit interesting

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DegenApeSurfer

· 14h ago

This wave of ME is directly taking off, and the fees are so negative that you need to be careful. MAGIC spot trading volume exploded, with the main force absorbing liquidity. Small-cap coins are rallying in clusters, while large-cap coins are really adjusting. Are the short sellers crowded and about to be liquidated? RARE is on the list again, is this time really different? AXS short sellers gathering is a bit interesting, what's going on? VANA's trading volume is insane, who is frantically bottom-fishing? Negative fees have never been a good thing. The long-short ratio has reversed, and the declining coins are starting to turn aggressive. This market feels a bit strange, small coins soaring while large coins lie flat.

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PuzzledScholar

· 14h ago

ME's recent surge is quite fierce; beware of the trap where fees turn negative. The risk of a crowded short squeeze is indeed high; is RARE really going to explode this time? MAGIC spot trading volume exploded 34 times; this might be the real entry signal. Small coins are firing on all cylinders, but large coins are adjusting; this rhythm is a bit dangerous. Negative fees = increased shorting costs? Then they might just start harvesting. It seems those with negative fees need to be especially cautious; don't be lured into the trap. VANA's trading volume is so explosive; could this be a false prosperity? The inverted long-short ratio appears; are the bears about to turn the tide? In this kind of divergence pattern, small coins can make money but also carry high risks; caution is necessary.

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