quiet day on the exchange side, nothing worth flagging in flows. the action today was all in positioning.
$AVAX crowd is 74% long while price is down 1.1%, that's a lot of people leaning the wrong way so far.
$ARK shorts are paying up to -1.99% funding just to stay short, and open interest actually shrank $749K (9.2% of it), so some of that pain is already being closed out.
$DOGE crowd is 73% long into a +2% day, and fresh money agrees for once, +$1.7M added.
watching whether AVAX longs hold through more red or start unwinding tomorrow.
NFA
$AVAX crowd is 74% long while price is down 1.1%, that's a lot of people leaning the wrong way so far.
$ARK shorts are paying up to -1.99% funding just to stay short, and open interest actually shrank $749K (9.2% of it), so some of that pain is already being closed out.
$DOGE crowd is 73% long into a +2% day, and fresh money agrees for once, +$1.7M added.
watching whether AVAX longs hold through more red or start unwinding tomorrow.
NFA
