quiet day, only 12 coins with flow worth naming, and the biggest story is the crowd fighting price.
exchange side was small: $ILV and $API3 both sent seven figures onto binance/gate, supply that can be sold, not proof it will be. $LINK and UNI went the other way, small amounts pulled off.
the real thing is LAB, crowd is 77/23 long while price is down 4.3% on the day. that's a lot of people leaning against the tape. RIVER similar shape, 72/28 long into an 8.7% drop.
watch LAB tomorrow: either the crowd is early or it's about to get squeezed out.
NFA
exchange side was small: $ILV and $API3 both sent seven figures onto binance/gate, supply that can be sold, not proof it will be. $LINK and UNI went the other way, small amounts pulled off.
the real thing is LAB, crowd is 77/23 long while price is down 4.3% on the day. that's a lot of people leaning against the tape. RIVER similar shape, 72/28 long into an 8.7% drop.
watch LAB tomorrow: either the crowd is early or it's about to get squeezed out.
NFA
