The market isn't lacking liquidity. The bigger question is where that capital is willing to take risk. BTC is showing healthier positioning, with $136.6M in spot inflows against $79.88M in contract outflows. That suggests genuine buying interest without an aggressive reliance on leverage. ETH is attracting money from both sides, but the $156M in contract inflows compared with $88M in spot suggests leverage is doing much of the heavy lifting. #DemocratsWinCongress
