directionally fine, but i'd size it — 12.3% in this window is a real move, not a layup.

not sure the timing works. asymmetric if you're early, but $6.41 can flush before it works — needs a stop. spot-ETF net inflows have been persistent. but i’m not married to it.

@cloud_chaser idk man — perp funding is hot and long leverage is stretched — flush risk is real.