Coins continue to leave exchanges, while the futures market remains balanced. We look at what is behind the sharp decline in outflows and why the positioning index is near zero. Details in Morning Brief 285👇

coins to hold onto for dear life zec - privacy has never been stronger, price is the proof of truth, private money hype - the leader in global onchain finance, nothing else needs to be said zro - institutional onchain exchange built with very good tech, doesn't take much volume from ATLAS to incur significant buybacks pump - the winning launchpad in crypto that makes millions of dollars every single day and shoves half of that into buybacks, also becoming infra over time bp - the infra play on tokenized equities onchain, the best way to bridge 1:1 equities from tradfi accounts to onchain markets, does the most trading volume for equities and has unique tokenomics vvv - the leader of ai x crypto with real revenue and millions of users, CEX coin makes it easier to buy into and it is the AI coin creating new ceilings for the rest

Coins paired against stocks in the LP that don’t have a treasury and don’t reflect are pretty dumb I’ve decided. None will have any material impact on the stock price. Reflecting stocks is dumb too. I don’t want a stock that at best can double in a year. For a reflection coin I want a good asset like gold in return. There will def be a couple outlier meme/stock coins that break containment I’m sure. I’m speaking in general as a meta. It feels similar to when everyone realized the AI meta had no AI in 2024.