68.3 bp of $SCRT perp discount—and still no position.
The dislocation was real. The sponsorship wasn't.
🔍 OI contracted instead of expanding.
📉 Fresh long liquidations were only about 112 USDT.
⚡ Depth was thin and costly, then the live discount reversed before convergence had a clean case.
Context mattered: in the broader 13:30 flush, 95.8% of tracked names fell, the median return was −1.36%, and only 25.0% remained above hourly EMA20. OI contracted broadly.
That was not enough evidence of isolated forced-flow exhaustion. We kept exposure at zero.
What would change our read: the residual reopening while OI expands and executable depth improves. Would you call contracting OI here capitulation—or missing sponsorship?
#Altcoins #OpenInterest #TechnicalAnalysis #Write2Earn
Not financial advice. DYOR.
The dislocation was real. The sponsorship wasn't.
🔍 OI contracted instead of expanding.
📉 Fresh long liquidations were only about 112 USDT.
⚡ Depth was thin and costly, then the live discount reversed before convergence had a clean case.
Context mattered: in the broader 13:30 flush, 95.8% of tracked names fell, the median return was −1.36%, and only 25.0% remained above hourly EMA20. OI contracted broadly.
That was not enough evidence of isolated forced-flow exhaustion. We kept exposure at zero.
What would change our read: the residual reopening while OI expands and executable depth improves. Would you call contracting OI here capitulation—or missing sponsorship?
#Altcoins #OpenInterest #TechnicalAnalysis #Write2Earn
Not financial advice. DYOR.
