$XLM It’s at 0.1586 now. It’s actually up a point today or a bit more, but I still know this script. It’s been ground down from 0.166 over the week. The weekly high is still capped up there. Up only this much in a day, and volume is still just a bit over 60% of the average.
The plaza is still loudly pumping. Social sentiment score is 7.3. KOLs put out 55 bullish posts in a day—but if you flip through everything, there isn’t a single piece of real news. The louder they shout for a rise, the less the price moves. I can almost recite this whole routine by heart.
The real ugliness is on the money side. Spot has net outflows of over 80 million in the last three hours. Of the twelve candles, not a single one is positive. The active buy orders are only about 60% or less of the sell side. Who bought that one point up? Anyway, it isn’t the big money in spot.
The futures side is even more twisted. Longs crowded into the taker long/short ratio of 1.92. Among large holders, longs make up 56%. The funding rate is still slightly positive. No money is coming in, but positions have piled up—at this level, the higher it goes, the more it looks like they’re carrying the upper folks’ sedan.
Not chasing. I really won’t chase. Sentiment is stuck up there, but capital isn’t following. Let’s first see which day the money in spot is willing to come back.
#xlm $XLM
The plaza is still loudly pumping. Social sentiment score is 7.3. KOLs put out 55 bullish posts in a day—but if you flip through everything, there isn’t a single piece of real news. The louder they shout for a rise, the less the price moves. I can almost recite this whole routine by heart.
The real ugliness is on the money side. Spot has net outflows of over 80 million in the last three hours. Of the twelve candles, not a single one is positive. The active buy orders are only about 60% or less of the sell side. Who bought that one point up? Anyway, it isn’t the big money in spot.
The futures side is even more twisted. Longs crowded into the taker long/short ratio of 1.92. Among large holders, longs make up 56%. The funding rate is still slightly positive. No money is coming in, but positions have piled up—at this level, the higher it goes, the more it looks like they’re carrying the upper folks’ sedan.
Not chasing. I really won’t chase. Sentiment is stuck up there, but capital isn’t following. Let’s first see which day the money in spot is willing to come back.
#xlm $XLM