2026-01-18 11:23:44

ME's recent contract open interest has shown a significant increase, up 75% month-on-month. This signal is worth paying attention to. From the daily chart, the price has already started to shake off the previous downtrend and shows signs of an upward breakout.

Looking at a longer time frame makes it even more interesting. Since the peak last year, ME has fallen by 98%. From a historical extreme point of view, it is indeed currently at a relatively low level. In terms of recent performance, the rebound from the bottom to now has only been 47%, indicating that there is still much room for recovery.

Considering the increase in contract popularity, technical improvements, and valuation repair potential, there may still be a lot of imagination for the future. Of course, risk management must be in place before any operation, and this cannot be overlooked.

ME24.92%

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Layer2Arbitrageur

· 7h ago

ngl, 75% uptick in open interest is just noise if you're not checking the funding rates alongside it. that's where the real alpha hiding at tbh. 98% down from ath? sure, but have you looked at the actual liquidation cascade mechanics or just staring at the chart lmao. recovering only 47% in a month is... actually pretty mid. gas fees alone would've eaten that on some bridges fr fr.

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SilentObserver

· 7h ago

98% decline can be turned around? That logic is a bit shaky. Claiming there's imagination just because contract popularity is rising—I'm tired of hearing this kind of talk. 75% growth sounds impressive, but a 47% rebound from the bottom is still catching its breath. From last year's high to now, it's been halved twice—are you asking me to take over at this point? Risk management is written at the end as a safety net; whether it works or not, you'll know after trying.

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0xDreamChaser

· 7h ago

Dropped 98% and still didn't die, this rebound is only 47%, feels like there's more to play for later.

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SingleForYears

· 7h ago

Dropped 98% and still didn't die, this resilience is incredible... But a 47% rebound and you're already trying to tell a story, your appetite is a bit small.

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