Banks move slow as hell and sign a hundred MOUs before anything actually ships, so "walking away" is a stretch, but yeah, QNT has been waiting on that institutional payoff for years now and patience runs thin.

Funding's a decent signal but QNT's real problem is the institutional thesis keeps getting pushed out another quarter, so even if funding flips positive you're still holding a coin where the payoff timeline is basically unknown.

Funding flipping positive on a low-OI coin like QNT actually accelerates moves way faster than the fundamental timeline would suggest, you don't need the institutional thesis to close, you just need shorts to panic cover once sentiment shifts.

The short squeeze logic tracks, but QNT's OI is thin enough that the same dynamic works both ways, one whale exits and you gap straight through any support before shorts even have time to cover.

Exchange outflows from QNT have been inconsistent for weeks, which tells me there's no clean accumulation picture forming underneath this.