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CROWDING REPORT

Crypto crowding — 12 July 2026

Where leverage was most piled into longs (crowded, and historically prone to lag) versus the calm, least-crowded coins — from the score we saved that day, before the outcome was known.

Most wound-up todaythe coiled springs — big funding either way; historically bigger moves, direction unknown

1YFItension 1007d funding -0.054%shorts stretched2DEXEnewertension 997d funding +0.014%longs stretched3IOTAtension 977d funding -0.012%shorts stretched4ATOMtension 967d funding -0.010%shorts stretched5XMRtension 947d funding +0.010%longs stretched

Tension is the size of 7-day funding with the sign ignored, ranked across all 68 coins scored this day. Coins this wound-up historically moved roughly 10% more than their own usual over the following days — tested on 2019→2026 history including delisted coins. Direction is a coin-flip: a short-loaded spring snapped up (a squeeze) about as often as down. Context, not part of the IOX score. How we validated this →

How to read this: IOX is a crowding rank from 0–100, not a price prediction and not a buy/sell signal. A low score means traders are piling into longs on that coin (the kind of crowded trade that has tended to lag); a high score means longs are not crowded. The edge is small and not yet proven — we are early in the live record (see the live track record for exactly how far along, and how the score is built). Scored 12 July 2026. Not investment advice.

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