Narrative
Hook: USDe is crowded, with a Kl div of 0.07. What happened: 35 occurrences in 30 days; 25 in 90. Why it matters: This pattern suggests potential market shifts. Receipts: 35 occurrences; 25 in 90 days; Kl div 0.07. How to verify: Check 30-day count; compare to 90-day count; monitor Kl div changes.