quiet day on the flow side, only two coins moved enough to log: $IO had $233K pulled off Binance and KuCoin, $ZRO had $5.1M sent onto Binance and Gate, supply that can be sold, not proof it will be.
the more interesting split is in positioning. $XRP crowd is 72% long while price is down 1.1% on the day, and $545K in fresh money still went into positions there. BTW is the opposite shape: price up 1.7% but the crowd is 74% short, leaning against their own tape.
watching whether XRP longs get flushed if price keeps slipping, or whether the crowd was early.
NFA
the more interesting split is in positioning. $XRP crowd is 72% long while price is down 1.1% on the day, and $545K in fresh money still went into positions there. BTW is the opposite shape: price up 1.7% but the crowd is 74% short, leaning against their own tape.
watching whether XRP longs get flushed if price keeps slipping, or whether the crowd was early.
NFA
