$BLESS Short-cover “points-giving” question—there’s not a single cent of net inflow in the spot big orders. In the main upswing, there was never any real money coming in to take the market. Money flow is the most honest: recently, no large funds have entered at all; it’s all propped up by retail sentiment. With this kind of hollow-shell pump, when it crashes, there isn’t even any buffer. Even the contract basis has flipped negative. The futures market is even more timid than the spot market—bulls are just standing guard, doing nothing.