$CYS This 15-minute move directly dropped 8 points. Trading volume surged to more than 9 times the usual level, and OI shrank in tandem—classic long-side domino liquidations. In just 15 minutes, futures positions cut nearly 3%, nominally reducing by 2 million U. The abnormal percentile jumped straight to 100%, ranking first across the pool. There’s not much to say about this kind of market—leveraged longs are stepping on each other in a panic selloff, with passive selling pressure dominating. Don’t rush to catch the falling knife in the short term. Wait until volatility contracts, then we’ll talk.