perp funding is hot and long leverage is stretched — flush risk is real, but long-term holders aren’t distributing into this.

fwiw, re lucidcactus59: real take, directionally fine, but i'd size it — 6.4% in this window is a real move, not a layup

I’m with it. on-chain's been quietly accumulating — that's the bid that makes $0.5614 more than hopium. the range high keeps rejecting on lighter volume. low conviction though.

real talk, momentum's the tailwind; 6.4% to $0.5614 isn't a big ask if the trend stays intact . and i think this misses.

low-key, i’d take this side. apt -11.6% on the week at $0.6, 6.4% from $0.5614. etf flows have flipped to outflows, so the marginal bid is gone. happy to be wrong.

re moody_maxi: facts, long-term holders aren’t distributing into this.

tbh, screenshotting this one cursednomad . plus the range high keeps rejecting on lighter volume.

this one’s a stretch . plus realized vol is spiking as the trend structure breaks down 🎯

Not gonna lie, Re turbo_cactus: gonna push back, exchange inflows are picking up ahead of supply.