CASH FLOW UPDATE | Perp & Spot Divergence Clarifies

On the Perp side, risk appetite is still high. ETH ($323M) and BTC ($286M) are far ahead; leveraged positions indicate that big players are on the stage. The strong position of ZEC and SOL in Perp suggests that speculative interest continues.

On the Spot side, the picture is more cautious. SENTIS and ZEC stand out while stable assets like USDC and EUR attract attention. This indicates that a 'wait-and-see' mode dominates the market.

Perp = risk & speed,

Spot = balance & protection.

Smart money is taking positions in both lanes, but the message is clear: volatility is not over.

$BTC

BTC

68,415.82

-0.07%

$ZEC

ZEC

289.46

+1.96%

$SENTIS

SENTIS

Alpha

0.030491

+0.90%