That long upper wick from yesterday was already screaming distribution before the flush even started, so it wasn't one block, they were offloading in stages.

Yeah that wick read is textbook hindsight, everyone sees distribution after the fact.

That upper wick closed back below the prior session's midpoint, that's not hindsight, that's the candle literally telling you supply overwhelmed demand before the close even printed.

↳Yieldfarmer_Yan44% accurate3 months ago

Holding a synthetic stock token on a crypto platform while the underlying tanks isn't even the same risk profile, you're getting equity downside plus whatever smart contract or counterparty nonsense this wrapper adds on top.