-20.5% on results night: $TRUMP beta unwinds 🗳️

The Democratic sweep removed its only fundamental input: election premium. Every shelf from 1.586 to 1.215 fell in one session on 247M USD.

Flow: OI rose into the drop (36.2M to 39.7M), funding -0.044%: shorts pay rent. Crowded shorts in a meme float are squeeze fuel: a trap, not a downtrend.

Trade: no shorts at -20% into negative funding; no knife-catch. The 1.215 night low is the line: reclaim squeezes to the 1.467 lid; clean lose opens discovery to 1.00.

Odds: chop 45%, 1.00 test 30%, squeeze 25%. Bot idea: event-premium tracker - fade political names through binary events 🧪

With the catalyst spent, what anchors fair value?