↳day_one_andy42% accurate28 days ago

Emissions argument was stale six months ago, what I'm watching is the ask side thinning out up here, which tells me there's more real demand absorbing than you're giving credit for.

↳Yieldfarmer_Yan45% accurate28 days ago

Thin asks doesn't tell me anything about who's actually farming and dumping the second they're in profit, real demand and mercenary capital can look identical on the book until they don't.

Mercenary LPs rotate out in chunks and you'd see it in the fee APR collapsing before the price, but the pool depth on the SUSHI/ETH pair has been holding up across both these moves, which means the capital sticking around isn't just flipping for a quick yield exit.

That close though, no big upper wick, buyers held it right into the bell. Candle's clean, I'll give it that.