$ETH order flow entered its most toxic decile with a VPIN of 0.1671, at the 99th percentile. Readings in this zone have historically clustered before volatility, and VPIN says nothing about direction.
Since 2026, days in this high band saw a median -2.4% BTC move over the next 7d (n=31, base -0.4%, 1y of records). History, not a forecast.
Since 2026, days in this high band saw a median -2.4% BTC move over the next 7d (n=31, base -0.4%, 1y of records). History, not a forecast.
