Venice Token (VVV) fell 13% to $16.03 at press time even as its protocol recorded quarterly earnings of $1.1 million and monthly earnings of $654,000, both records, according to DeFiLlama. The earnings growth indicated rising activity and platform usage despite recent market turmoil, but had not yet translated into stronger token performance. Derivatives data pointed to weakening trader sentiment: VVV’s perpetual market funding rate dropped from 0.0141% on August 28 to 0.0001% at press time. Because the rate remained marginally positive, the move indicated weaker long demand rather than confirmed short dominance. CoinGlass also reported a Long/Short Ratio of 0.86, meaning short accounts outnumbered long accounts in the measured market. In the spot market, approximately $267,000 of VVV left centralized exchanges over 12 hours, while negative netflows persisted for three days. Such outflows can reduce immediately available exchange supply, but do not by themselves confirm fresh buying or long-term holding. The data left VVV facing opposing signals: derivatives traders leaned bearish, while spot-market outflows suggested tighter exchange-side supply. Continued spot accumulation could support a near-term recovery, although persistent derivatives pressure could delay that move despite the token’s record earnings.