US +109%. Longs pay 0.17% a day, 1.2% a week. Contracts +43% in 24h. Retail 54.1% long, 30th percentile of its own 30-day range, down from 59.5 yesterday, above 50% on 28 of the last 30 days. Top traders 54.3% long. Bids 73k vs asks 140k USD within 1% of mid, the widest book skew here. Taker selling outweighed buying on all 7 of the last 7 days. No spot market. Bigger side: longs, retail and top traders, both narrow. Real move, no crowding.

JCT +69%. Longs pay 0.20% a day, 1.4% a week. Contracts +38% in 24h. Retail 53.8% long, the bottom of its 30-day range, down from 78.6 yesterday, net long 30 of 30 days. Top traders 62.0% long. Bids 17k vs asks 23k USD within 1% of mid, the thinnest book here. Taker selling outweighed buying on 5 of the last 7 days. No spot market. Bigger side: longs, retail and top traders. Real move, no crowding.

RLC +42%. Shorts pay 1.36% a day, 9.5% a week. Contracts down 10% in 24h. Retail 45.7% long, 15th percentile of its own 30-day range, above 50% on 26 of the last 30 days. Top traders 52.2% long. Bids 74k vs asks 100k USD within 1% of mid. Spot up 42%, the largest turnover here. Bigger side: shorts on retail, longs on top traders, both narrow. Empty move, no fuel.

KAIA +37%. Shorts pay 5.90% a day, 41.3% a week, the steepest here. Contracts +301% in 24h, the largest build here. Retail 59.1% long, 19th percentile of its own 30-day range, net long 30 of 30 days. Top traders 72.0% long, the widest skew here. Bids 204k vs asks 196k USD within 1% of mid, the deepest book here. Taker selling outweighed buying on 6 of the last 7 days. Spot up 40%. Bigger side: longs, retail and top traders. Two sides, does not resolve.

MAGIC +30%. Shorts pay 0.01% a day. Contracts +62% in 24h. Retail 58.3% long, the bottom of its 30-day range, net long 30 of 30 days. Top traders 60.9% long. Bids 128k vs asks 115k USD within 1% of mid. Taker selling outweighed buying on all 7 of the last 7 days. Spot up 33%. Bigger side: longs, retail and top traders. Real move, no crowding.
$RLC $KAIA $JCT #Market_Update