Narrative
Hook: Crowding in USDR sees reversal risk rise; thin liquidity spikes. What happened: 14 mover windows show crowded mania in USDR. Why it matters: Reversal risk at 30% suggests crowded positions. Receipts: Acceleration ratio 1h vs 24h at 0.1; kl_divergence 0. How to verify: Check 30-day recurrence count; observe acceleration ratio changes.