btc up 6.7% to 86.5k and this time the crowd is already leaning the right way. 20 of 22 coins on our stress scanner have positive funding, longs paying shorts to stay in. that's the opposite of the usual setup, people aren't fading this one, they're crowded into it. 13 coins flagged longs overheated, 2 already showing long squeeze.

fresh money barely moved though, $174K into positions across $862M open interest, basically nothing. this rally ran without new size chasing it.

meanwhile $WLD and $PEPE had $17.2M and $8.3M go ONTO exchanges in the last 24h while price was green. somebody had supply ready to sell into the pump. $ENA on the other hand saw $9.2M leave exchanges, that's the one going the other way.

watching if longs get squeezed further or if this just grinds while the overheated ones cool off. NFA