today's split was exchanges vs derivatives disagreeing on the same coins.
$LINK and $UNI both had size sent onto exchanges, $5.8M and $5.6M, supply that can be sold, not proof it will be.
meanwhile the crowd piled long into $LTC at 72/28 while price bled -6.6% on the day, and fresh money actually left LTC positions, -$4.1M, 3.5% of its open interest. longs stacked, price down, size leaving. that's not agreement.
quieter side: TRUMP, QNT, SUSHI all saw money pulled off exchanges, smaller, in the $500-700K range each.
watching LTC tomorrow: does that long crowd hold or does the exit continue.
NFA
$LINK and $UNI both had size sent onto exchanges, $5.8M and $5.6M, supply that can be sold, not proof it will be.
meanwhile the crowd piled long into $LTC at 72/28 while price bled -6.6% on the day, and fresh money actually left LTC positions, -$4.1M, 3.5% of its open interest. longs stacked, price down, size leaving. that's not agreement.
quieter side: TRUMP, QNT, SUSHI all saw money pulled off exchanges, smaller, in the $500-700K range each.
watching LTC tomorrow: does that long crowd hold or does the exit continue.
NFA
