Niner 🍡九儿🔶|Aug 19, 2026 12:32
Why I say btw has no counterparty
$7 billion FDV already
And just this little liquidation amount
Plus the funding rate hasn’t moved at all
It shows that most of the longs and shorts are internal
Now contracts are flowing in
Spot is flowing out
You should know what’s going on
Of course, I could be wrong
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