no real exchange flow today, nothing worth flagging there. the tape was all positioning.

$BTW is +4.8% with crowd at 26/74 long/short, most of the room betting against a move that's already happening.

$RLC shorts are paying -0.958% funding just to stay short.

$SOL took in $2.0M fresh into positions, only 0.2% of its open interest, small but not nothing.

watching BTW tomorrow, that long/short gap either closes or someone's wrong for a while longer.

NFA