$RIVER is replicating a familiar market structure we've seen play out before. The spot-futures arbitrage is becoming more pronounced—Bitget currently trades at a 2% premium relative to Binance's perpetual contracts, and this gap keeps widening as price action pushes into new territory. What's catching attention is the open interest reading: it's spiking downward sharply. That's the kind of divergence worth monitoring—when premium spreads expand while OI compresses, it often signals positioning shifts and potential volatility on the horizon.