Korean exchange volumes are showing intense activity right now, with a notable short squeeze developing in the market. The clue is in the funding rates—they've turned deeply negative, which signals shorts are bleeding out capital. When funding rates swing negative like this, it means short positions are getting crushed and traders holding shorts have to fork over hefty fees just to maintain their positions. That kind of pressure typically accelerates the squeeze, pushing prices higher as forced liquidations ripple through. Worth keeping an eye on how this unfolds.