quiet day, only 7 coins moved enough to matter. the shape of it: defi supply walked onto exchanges while everything else sat still.

sent onto exchanges, can be sold from there: $UNI $2.1M, $SUSHI $1.2M, $1INCH $251K, spread across gate, binance, bitget.

taken off, smaller but real: $TWT $430K, GRT $201K.

crowd is stacked long into green candles: DOGE 75/25 long/short at +7.4%, LTC 72/28 at +6.6%, XRP 71/29 at +1.4%.

what i'd watch: XRP's crowd is 71% long into the rally but fresh money into positions is actually -$1.6M net. the mood and the money disagree.

NFA