The altcoin bid is not spot. It is leverage paying rent.
The last three hours turned 273 million dollars across the twelve deepest pairs, 65% of their daily pace. Inside that thinner tape $AVAX took 1.6 times its daily dollar share, while $ETH fell to 0.82x and still lost only 1%.
AVAX shows green 3.6% on the day, all from one morning hour worth 9.9 million dollars. Since then funding climbed from minus 0.0042% to plus 0.0100% over three settlements while price fell 5%.
Three clocks. The 21:00 UTC cash close decides whether that share shift was selling or shopping. At 00:00 UTC the settlement bills the longs who averaged in. At 01:00 UTC Asia reopens the same thin book.
I am waiting, not buying. $BTC holding 74,600 on 1.44 billion dollars is why this bleeds instead of breaks. If AVAX takes back its daily dollar share on a green hour, this was rotation and I am wrong.
Distribution looks like participation until settlement. Not financial advice. Funding bill or price: which clears first? #Avalanche #CPITestsDecemberRateOutlook #BinanceSquare
The last three hours turned 273 million dollars across the twelve deepest pairs, 65% of their daily pace. Inside that thinner tape $AVAX took 1.6 times its daily dollar share, while $ETH fell to 0.82x and still lost only 1%.
AVAX shows green 3.6% on the day, all from one morning hour worth 9.9 million dollars. Since then funding climbed from minus 0.0042% to plus 0.0100% over three settlements while price fell 5%.
Three clocks. The 21:00 UTC cash close decides whether that share shift was selling or shopping. At 00:00 UTC the settlement bills the longs who averaged in. At 01:00 UTC Asia reopens the same thin book.
I am waiting, not buying. $BTC holding 74,600 on 1.44 billion dollars is why this bleeds instead of breaks. If AVAX takes back its daily dollar share on a green hour, this was rotation and I am wrong.
Distribution looks like participation until settlement. Not financial advice. Funding bill or price: which clears first? #Avalanche #CPITestsDecemberRateOutlook #BinanceSquare
