$VELVET down 72.7% while BTC sits +2.2%. this thing isn't riding the market, it's in its own free fall.
funding still deeply negative at -0.197% and shorts are pressing anyway, $650K piled into positions in the last hour alone on a book that's only $5.5M total. that's not a nudge, that's a third of the book moving in an hour.
crowd's 64% long into this bloodbath, catching a falling knife while the tape sits at its lows for the day. losing side here is bleeding about $32K a day just to hold the position.
this is a coin trading purely on its own liquidation cascade. nobody's coming to save it. NFA
funding still deeply negative at -0.197% and shorts are pressing anyway, $650K piled into positions in the last hour alone on a book that's only $5.5M total. that's not a nudge, that's a third of the book moving in an hour.
crowd's 64% long into this bloodbath, catching a falling knife while the tape sits at its lows for the day. losing side here is bleeding about $32K a day just to hold the position.
this is a coin trading purely on its own liquidation cascade. nobody's coming to save it. NFA
