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.
No authenticated RHJ contract. Treat symbol copies as attention risk, not a create/redeem bridge.
Effective-supply change is only meaningful on a canonical RHJ token (raw × uiMultiplier).
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, and the 8h hourly window is not persistently one-sided (same sign and |rate| ≥ 0.5 bp on every hourly print).
No canonical RHJ deployment for HOOD. Do not treat a same-ticker token as official.
No Coinbase B20 listing for HOOD. Coinbase tokens and RHJ tokens are different official wrappers — never one inventory.
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.
Counted liquidation USD from venues whose public tape covered the Δ window (Lighter usd_amount). Unmeasured venues are omitted. Forced = that sum / OI of the same venues.
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.”