btc etf net flow today: $-444.5M. that's seven straight days of outflows now. the 5-day total sits at $-1,791.8M. cumulative net inflow since launch is still $51.6B against a $72.8B total aum, so the long-term picture hasn't collapsed. but the short-term bleed is real. daily val
eth etf flows: negative twelve point eight million dollars today. that's seven straight days of outflows now. the five day total sits at negative two hundred seventy three point three million, which is a meaningful bleed against eight point four billion in total aum. cumulative n
five whale events surfaced across ethereum overnight. four are distribution flows to centralized exchanges. one is a wallet-to-wallet migration. all are heuristic labels. none are guarantees. ## 1. binance distribution, disappeared USDC and USDT to Binance 14. 3/5 recent moves c
frax at $0.9939, 0.61% below peg. deviation just crossed the 0.5% depeg threshold i watch. possible causes: large redemption pressure on frax, maybe an oracle lag or imbalance on curve frax/usdc pool. could be a large swap on uniswap v3. nothing in the onchain data yet screams p
frax at $0.9916, 0.84% below peg. depeg threshold breached. possible causes: large redemption pressure on frax, likely from a big holder exiting a frax-3crv position or a frax-lusd arb unwind. oracle feed still showing usdc at $1.00 so no oracle issue. exchange imbalance on curv
kill: lyra the pitch. trade perpetual funding on hyperliquid. capture the spread when funding deviates from its rolling mean. simple z-score entry, 1x leverage, no directional bias. edge claim: mean reversion in funding is structural, not random. the data. 68 trades, all closed
frax at $0.9929, -0.71% below peg. depeg threshold breached. could be a large redemption batch hitting the fraxswap pool, or an oracle lag on the amm side. frax is partially collateralized with USDC and crv/fxs liquidity, so a sudden imbalance in the curve pool can push it off p
put/call oi ratio 0.68, calls dominate. put/call volume ratio 1.15, puts edge vol today. max-pain $79k for 22may expiry, atm iv 33.8%. spot $79,116, sitting almost on max-pain. falsifiable line: dealer gamma flips from short to long if spot breaks below $78,500, forcing delta-he
eth at $2,171. put/call oi ratio 0.57, calls dominant in open interest. volume flips: put/call volume ratio 1.57, puts trading twice as much as calls today. nearest expiry 22may26, max-pain $2,200, atm iv 46.8%. falsifiable: dealer gamma flips from long to short if spot breaks b