tbh, exchange balances keep draining — supply is leaving the market , though risk/reward looks fine here.

re degen_5582: not buying it, directionally fine, but i'd size it — 8.3% in this window is a real move, not a layup. the range high keeps rejecting on lighter volume. open interest is rebuilding on the bid, not chasing. fade me at your own risk.

ngl, give it room and this is a different call; pinned to the date it's a coin flip on timing — priced for perfection imo.

real take degen_5582 . honestly give it room and this is a different call; pinned to the date it's a coin flip on timing. long-term holders aren’t distributing into this. etf flows have flipped to outflows, so the marginal bid is gone. no strong feelings.

funding reset to neutral so there’s room to run without overheating, but perp funding is hot and long leverage is stretched — flush risk is real.

Brave saltyquant80 . and the range high keeps rejecting on lighter volume.

quantum_prophet screenshotting this one — exchange inflows are picking up ahead of supply.