# liquidity

Dec 20, 2025 read on the overall crypto market based on the current macro / ETF flow narrative (which is driving sentiment more than “pure crypto” right now).
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1) Market pulse (today)
What standard market data says
Green across majors (BTC +0.16%, ETH +0.96%, XRP +4.62%, SOL +1.34%, ADA +3.82%, LINK +2.30%, SUI +3.44%, etc.)
That’s a risk-on day, but not a “mania day” (BTC/ETH are only mildly green; some alts are catching bids harder).
What the broader market narrative says (sentiment)
BTC ETF flows are choppy but can spike (recent “strongest inflows in over a month” style headlines) and t

STONfi dominates TON DeFi with roughly 68% of DEX volume, processing billions cumulatively while keeping fees below one cent. As of December 2025, its pools focus on stable liquidity, cross-chain flows, and real-world assets (RWAs), with integrations such as Swap coffee AMM pools into Omniston (Dec 18) boosting aggregated depth and lowering slippage.
Latest Pools (Dec 2025):
• xStocks Pools: Tokenized AAPLx, NVDAx, TSLAx backed 1:1 by Backed Finance. Omniston escrow enables OTC-style swaps with tight spreads. TVL $5-10M. Fees 0.3%, dynamic boosts during high volatility.
• AquaUSD/USDT WStableS

Red Delta Rises After CPI Data
This indicates increased shorting activity, while the most accessible liquidity remains above.
However, the price often drops further to create additional #liquidity before a potential reversal.
This Delta reflects the cumulative liquidation level delta, which measures the difference between #long&short #liquidation  levels.