Interesting observation on $RIVER's market structure worth paying attention to. When the token sees aggressive short squeeze activity on major exchanges, it's revealing to cross-reference the spot order book depth across different platforms. What stands out: roughly $700k in consolidated buy pressure appearing in one venue's order book for an asset with approximately 90% of circulating supply already locked or concentrated. This kind of liquidity concentration against extreme supply centralization creates an asymmetric market microstructure. The disparity in order book visibility across different trading venues underscores how fragmented the overall market liquidity truly is for certain altcoins. Worth monitoring for anyone tracking capital flow patterns and market manipulation signals.