$BTW Don’t talk to me about the top—this long side controls this round. The contract money is all stacked on the long side: they’re actively buying and eating through the volume, over half taken and still adding positions; the fees are still kept above the stage’s average level and the longs keep getting paid as usual. As the cost of going long is pushed higher, more people keep taking it—everything the buyers bring is real money. This morning’s early session just had the historical high rewritten, and the market value surged past the one-billion mark. This is the main leg up, not a rebound.