$TRUMP quiet day, only 11 coins moved enough to matter, but the disagreements were loud.
uni and ondo got pushed onto exchanges, $7.4M and $3.5M, supply that can be sold whenever. ondo's the interesting one though: same day it saw exchange inflows, its open interest actually shrank $1.4M, longs and shorts both stepping back, not adding.
meanwhile $TRUMP and pendle went the other way, $449K and $201K pulled off Binance and Gate, quietly parked somewhere that isn't a sell button.
and avax is up almost 20% today with the crowd 72/28 long. that's not new information, that's a crowd agreeing with the tape after the fact.
watching ondo tomorrow: exchange supply up, position size down, someone's story doesn't match.
NFA
uni and ondo got pushed onto exchanges, $7.4M and $3.5M, supply that can be sold whenever. ondo's the interesting one though: same day it saw exchange inflows, its open interest actually shrank $1.4M, longs and shorts both stepping back, not adding.
meanwhile $TRUMP and pendle went the other way, $449K and $201K pulled off Binance and Gate, quietly parked somewhere that isn't a sell button.
and avax is up almost 20% today with the crowd 72/28 long. that's not new information, that's a crowd agreeing with the tape after the fact.
watching ondo tomorrow: exchange supply up, position size down, someone's story doesn't match.
NFA
