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Flow's been scattered all week but I'm watching a couple wallets that rotated out of MMT and they went straight into L2 infra, so it's not like the money disappeared.
Yeah L2 infra has been pulling rotation for a while now but honestly those wallets could just be parking somewhere safer while they figure out their next move, not necessarily a real commitment.
That upper wick from last week was screaming rejection and nobody wanted to hear it.
Easy to call it screaming rejection after the fact.
Nineteen percent means nothing if the thesis holds over three years, but I've been watching this one and the thesis feels shakier than the chart right now.
My buy order fired this morning the same as every week, and honestly I'm not losing sleep over it.
Well, I was wrong. Happens. Doesn't make the story here any more convincing to me, just means the market had a different read on the timing.
Where's this sector even supposed to be rotating into right now, because nothing's catching the flow cleanly.