$UNI quiet day, only 10 coins moved enough to matter, and the split was clean: exchange supply piled up in ENA, $2.2M sent in, while $UNI quietly lost $837K off the books.
the standout is LYN. crowd is 77/23 long while price sits at -40.1% on the day. that is not dip buying, that is a crowd underwater and still leaning the same way.
funding backs it up elsewhere: RARE shorts are paying 0.5% just to hold, and fresh money left RARE positions too, -$772K, 8.6% of open interest gone in a day.
watching tomorrow: whether LYN longs cut losses or keep averaging into red.
NFA
the standout is LYN. crowd is 77/23 long while price sits at -40.1% on the day. that is not dip buying, that is a crowd underwater and still leaning the same way.
funding backs it up elsewhere: RARE shorts are paying 0.5% just to hold, and fresh money left RARE positions too, -$772K, 8.6% of open interest gone in a day.
watching tomorrow: whether LYN longs cut losses or keep averaging into red.
NFA
