Goldfish, I thought exchange tokens would unwind before Bitcoin.
$BNB HL position: about 44.5 million, with intraday notional around 5.35 million; density 8.3. Binance: 713, daily change -0.3%.
$BTC position: about 3.38 billion versus 1.29 billion for the day; density 2.6.
Longs paying the tax on the same screen: one has rotated out, the other is still hanging on.
For now, treat exchange tokens as dead inventory; don’t assume they’re more active.
#BNB库存 #MainstreamTiers
$BNB HL position: about 44.5 million, with intraday notional around 5.35 million; density 8.3. Binance: 713, daily change -0.3%.
$BTC position: about 3.38 billion versus 1.29 billion for the day; density 2.6.
Longs paying the tax on the same screen: one has rotated out, the other is still hanging on.
For now, treat exchange tokens as dead inventory; don’t assume they’re more active.
#BNB库存 #MainstreamTiers