today's split is exchange supply vs crowd conviction, and they're not agreeing.
$LINK and $UNI both had $7-8M sent onto exchanges today, real sellable supply showing up. small alts like $CAKE went the other way, $1.1M pulled off Binance and Bitget, taken away from where it could be sold.
the more interesting mismatch is XRP: price down 11%, longs still at 72% of the crowd, yet $5.7M actually left long positions. crowd's mouth says bullish, its money is already walking out the door.
watching whether that long crowd on XRP keeps shrinking or digs in.
NFA
$LINK and $UNI both had $7-8M sent onto exchanges today, real sellable supply showing up. small alts like $CAKE went the other way, $1.1M pulled off Binance and Bitget, taken away from where it could be sold.
the more interesting mismatch is XRP: price down 11%, longs still at 72% of the crowd, yet $5.7M actually left long positions. crowd's mouth says bullish, its money is already walking out the door.
watching whether that long crowd on XRP keeps shrinking or digs in.
NFA
