quiet day on the flow side, only $JTO showed anything worth naming, $1.0M sent onto binance and gate, 0.32% of its cap. not a story on its own, just the one data point that cleared the bar.
the real read is positioning. crowd is stacked long on $LTC, $DOGE and XRP at 72/28-ish while all three are red on the day. that gap between where the crowd sits and where price is sitting is the thing.
XRP also pulled in $2.8M of fresh money into positions, small next to its OI but it's new size added while price fades, not old size unwinding.
watching tomorrow: does that XRP long crowd hold if price keeps slipping, or does it start unwinding into the close.
NFA
the real read is positioning. crowd is stacked long on $LTC, $DOGE and XRP at 72/28-ish while all three are red on the day. that gap between where the crowd sits and where price is sitting is the thing.
XRP also pulled in $2.8M of fresh money into positions, small next to its OI but it's new size added while price fades, not old size unwinding.
watching tomorrow: does that XRP long crowd hold if price keeps slipping, or does it start unwinding into the close.
NFA
