quiet day on the tape, only 13 coins with flow worth mentioning, but SKL is the one showing up twice.
$SKL sent $2.8M onto Binance today, supply that can be sold, while shorts on it are paying -0.195% just to stay positioned against it. that is a real disagreement: exchange supply growing while the crowd that bet against it keeps bleeding to hold the bet.
elsewhere, $LINK ($5.4M) and $UNI ($5.1M) both moved onto exchanges too, standard size, nothing that breaks a pattern on its own.
the crowd lean worth noting is SUI, 73% long into a +6.2% day, with $3.2M of fresh money actually entering positions behind it, that is not just chatter, that is size following price.
watching tomorrow: whether SKL's exchange supply gets absorbed or sits there while shorts keep paying.
NFA
$SKL sent $2.8M onto Binance today, supply that can be sold, while shorts on it are paying -0.195% just to stay positioned against it. that is a real disagreement: exchange supply growing while the crowd that bet against it keeps bleeding to hold the bet.
elsewhere, $LINK ($5.4M) and $UNI ($5.1M) both moved onto exchanges too, standard size, nothing that breaks a pattern on its own.
the crowd lean worth noting is SUI, 73% long into a +6.2% day, with $3.2M of fresh money actually entering positions behind it, that is not just chatter, that is size following price.
watching tomorrow: whether SKL's exchange supply gets absorbed or sits there while shorts keep paying.
NFA
