Pulling the tape… 0s
Waiting on the live overlay. Empty rows are not filled with fixture numbers.
Pulling the tape… 0s
Waiting on the live overlay. Empty rows are not filled with fixture numbers.
Contract matches the RHJ registry. Economic exposure only — not shareholder rights. AP-only primary (BBVI at issuance).
Effective circulating (raw × uiMultiplier) did not increase. Token-rich prints can still be secondary-market only.
Perp OI did not increase materially. Trades can turn over without adding net risk that would need an external cash hedge.
Venue funding is not extreme or persistently one-sided on this window.
No Coinbase B20 listing for AAOI. Coinbase tokens and RHJ tokens are different official wrappers — never one inventory.
No unofficial row for AAOI in this scan. Factory-authenticated pons launches and unauthenticated Robinhood Chain or Base copies are listed when the symbol has been searched. Unofficial volume stays blank — not treated as RHJ, Coinbase B20, or the cash stock, and not filled from fixtures.
Factory-authenticated 17 pons launch(es) from 54 DexScreener face-ticker candidate(s). 29 unauthenticated impostor row(s) on robinhood and/or base (not factory launches). Scanned 78 of 202 symbols on robinhood and base (18 DexScreener searches this poll). V1 0xA5aAb3F0c6EeadF30Ef1D3Eb997108E976351feB + V2 0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e. Official RHJ / Coinbase B20 contracts dropped. Official-looking Robinhood Token names dropped. Wide TokenLaunched eth_getLogs is not used (public RPC times out).
Overnight/weekend/holiday: 24/7 perps and tokens keep trading while cash is closed. Inventory can gap into the next cash open.
The monitor does not yet track listed prints after an on-chain event. Do not read the last cash print as confirmation of hedge flow; session state is step 5.
A countable (live / last-good / fixture) tape printed 0. Stub zeros never take this branch.
Δ perp OI × direction × assumed cash-hedge fraction. Never a single pretended conversion. Long+short still nets to zero contract supply.
| Up / Up | new long risk |
| Up / Down | short covering |
| Down / Up | new short risk |
| Down / Down | long liq / de-risk |
OI × price is a pattern, not a liquidation print. Live Forced USD is the public Lighter tape (GET /api/v1/trades?type=liquidation, usd_amount) when that tape covers the Δ window. Arcus trades are not flagged. A missing or unmeasured 0 is not “no liquidations.”