$DOT Everyone is talking up leverage bulls, but on-chain they’ve pulled down the underwear: this breakout surge hasn’t borrowed a single cent of leverage—I'm holding firm on the long side. The spot long/short ratio has spiked to 25x, and within 12 hours it’s amplified by nearly 70% more. The borrowed-coin balance has fallen off a cliff—down nearly 90%—and liabilities have risen in step, flipping from negative to positive growth. The funding side is running, the spot side is pushing—no leverage risk you can’t dismantle. In the four-hour timeframe it’s still pushing upward, and the trend is on my side.