$ADA On-chain leverage is being collectively unwound, and you’re still sitting here dreaming? The borrowing ratio is nearly maxed out, yet borrowing growth plunged by almost 80% in just twelve hours. The liability side flipped from positive growth to negative—this isn’t adding to positions; it’s the market makers pulling the ladder out from under you! The long-short ratio in leveraged markets has been cut in half, and borrowed funds are streaming out. It’s obvious someone borrowed the money and then did nothing useful with it. Funding rates have stayed deeply negative, the basis is sinking too, and longs are paying to hold their positions while open interest keeps shrinking. Both the futures market and on-chain are closing the net at the same time—do you really think retail traders are fools? In this market, whoever steps in gets buried.