Analysis: PLAY Surges 300% in One Hour as Aggressive Bullish Buying Spurs Arbitrageurs to Purchase Spot

According to Foresight News and analysis by @ai_9684xtpa, the PLAY token surged 300% within one hour. However, unlike MYX, its funding rate at the peak was 0.2917%, indicating that aggressive buying by bulls prompted arbitrage funds to purchase spot tokens. This price increase was driven by contract buy orders, without intense long-short battles. The bulls were unable to force the bears to capitulate and pay profits through high funding fees.