$IDOL is a bit slow. On-chain spot funds are starting to flow out, and token holdings are very concentrated. What worries me most is that the funding rate is still positive. Although the market cap is relatively low, there’s a bearish divergence on the daily chart with declining volume. To play it safe, I took profits first in case there’s a huge dump and a wick tonight. If it goes up, it just means I didn’t understand it well enough to catch it. #IDOL