The perpetual futures order book is still stacked up, but spot has dropped a chunk first.
$PUMP Binance 0.00434, day −5.0%; trades about 24.68 million.
HL warehouse about 157 million, inventory multiple about 3.0.
OKX fee rate about 0.005%, and the long-side tax isn’t that harsh.
Before the positions can be offloaded, don’t frame this wave as liquidation being completed.
#Meme风险 #inventory comparison
$PUMP Binance 0.00434, day −5.0%; trades about 24.68 million.
HL warehouse about 157 million, inventory multiple about 3.0.
OKX fee rate about 0.005%, and the long-side tax isn’t that harsh.
Before the positions can be offloaded, don’t frame this wave as liquidation being completed.
#Meme风险 #inventory comparison