CYS is up! This round of price support is all phantom hype from contract traders—spot large net inflows are essentially zero across the whole K-line, the price has surged to the local high, yet there isn’t even a single piece of real money from the main players. They only push the board and don’t accept the order; this kind of rally is basically bait for a pump-and-dump, and a head-chopping cut can drop at any moment. The futures market is also siding with the bears: the basis has been sticking to discount, the funding rate has been squeezed into negative territory, and open interest is still shrinking. Leveraged longs who chase higher are bleeding with every second they hold up, and everything above is a live target.