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Material changes across the corpus. Raw activity is collapsed into economically meaningful events.Note 20
21 days of this feed, from when we started recording it, from 19 August 2026. That is short, and it is short because we started recording it then rather than because nothing happened before. It cannot be reconstructed from a network by us or by anybody else. It exists only for as long as somebody has been writing it down.
Strategies that would exit through the same door do not leave one at a time.
SOPH became crowded: 99% one-sided across 35.9% of venue open interest
DYM became crowded: 81% one-sided across 29.3% of venue open interest
APT became crowded: 81% one-sided across 15.0% of venue open interest