btc at 83.7k, up 4.1% and still adding 2.5% in the last hour. 17 of the 22 coins we're watching have positive funding right now, longs paying shorts to stay in. that's the crowd riding this move, not fighting it, and 11 of those are flagged longs overheated. crowded, not contrarian.
fresh money barely moved though, $638K into positions against $646M open interest, a trickle, positioning didn't really shift on this leg up.
meanwhile $ENA, $GRT and $PEPE all had money going ONTO exchanges while price ran green, possible someone's selling into the strength. LINK went the other way, $471K walked off exchanges.
watching if that overheated long crowd holds through the first flush or if this turns into a long squeeze. NFA
fresh money barely moved though, $638K into positions against $646M open interest, a trickle, positioning didn't really shift on this leg up.
meanwhile $ENA, $GRT and $PEPE all had money going ONTO exchanges while price ran green, possible someone's selling into the strength. LINK went the other way, $471K walked off exchanges.
watching if that overheated long crowd holds through the first flush or if this turns into a long squeeze. NFA
