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Majors (BTC/ETH) show bullish probing, not peak FOMO: ETH funding cost -$5.2 and BTC -$23.25, with no BTC/ETH shorts across the sample.
Alt rotation is the real trade: CC becomes the shared long while XPL prints ROE 433.7%—a small-cap rotation regime.
Meme pain persists: PUMP long sits at -477.67% ROE with $340.96 funding paid, but the skew also sets up squeeze risk on reversal.