**Warning: Is Morpholabs showing classic distribution?**

REVEAL: Failed catalyst aside, on-chain signals show smart money leaving and whales exiting 🚨. Morpho vault TVL stalls, APRs drift lower, while price prints lower highs 📉 a textbook distribution pattern. Not the moonshot investors expected from @Morpho Labs 🦋 #DeFi

THE TRADE: Short now with a starter; add on a break of the swing low, tight stop above the recent high, and scale out into any failed relief rally 💎. TIMING: act today while this distribution persists