RIVERUSDT: 32-Bar Squeeze Loaded on Strong BearRiver is sitting on a structural time bomb. Spot at 21.6926 with futures at 21.7050 — a 0.02% neutral premium, Z at 0.4, Yield at 27% APY 0.4σ Bear. The carry environment is mildly penalizing longs. S/F Vol at 179.58K spot versus 73.5M futures, S/F S at 3.9M versus 1.59B — Spot:Fut reads Normal, not
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