$VVV 𝗶𝘀 𝗱𝗼𝘄𝗻 𝟭𝟱% 𝗶𝗻 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀, 𝗵𝗮𝗹𝗳 𝗼𝗳 𝗶𝘁 𝗶𝗻 𝗼𝗻𝗲 𝗹𝗮𝘁𝗲 𝘀𝗹𝗶𝗱𝗲.
Venice fell from about $26.4 to $22.6, losing $24 around 6 PM Dhaka on the day's heaviest hourly volume.
There's no project-specific news. Emissions were cut to 2M VVV a year on Oct 1, yet price is about 19% lower since.
Futures open interest slipped from ~$28M to ~$25M with flat funding. That reads as longs leaving, not shorts piling in.
Does a supply cut hold up when demand steps back?
NFA.
#VeniceAI #BinanceFutures
Venice fell from about $26.4 to $22.6, losing $24 around 6 PM Dhaka on the day's heaviest hourly volume.
There's no project-specific news. Emissions were cut to 2M VVV a year on Oct 1, yet price is about 19% lower since.
Futures open interest slipped from ~$28M to ~$25M with flat funding. That reads as longs leaving, not shorts piling in.
Does a supply cut hold up when demand steps back?
NFA.
#VeniceAI #BinanceFutures