Narrative
Hook: Fragile blowoff in ID token liquidity; mania looks overbought. What happened: Thin-liquidity spike with high wash trade confidence over 7 mover windows. Why it matters: Risk of reversal; crowded positions may unwind. Receipts: 7 mover windows; high wash trade confidence; 221,271 USD 24h volume. How to verify: Check for new mover activity; monitor wash trade volume.