Record low border encounters in May?

Why

Probability fell modestly down to 0¢ (toward NO) over the last 24 hours, a 3.3pp shift. Resolution depends on the first report of data for may 2025, regardless of future revisions — directional traders may be reading new information from that source.

What to verify

• Cross-check the resolution source: the first report of data for May 2025, regardless of future revisions — https://www.cbp.gov/newsroom/stats/nationwide-encounters).
• Read recent large-trade flow on Orrery's market page — $5k+ trades show up alongside the move so you can tell if size is following the price or fading it.