Futures positions on this altcoin dropped ~$95M in a week on Binance, yet price barely moved down.

This is textbook deleveraging without panic selling. Weak hands flushed, but spot holders aren't budging.

Usually means consolidation before the next leg. Watch for a liquidity sweep below key support, then rip higher if volume confirms.

If you're holding spot, this is bullish divergence. If you're waiting to long, wait for the fake-out wick.