$BEAT plunged to death, and now in the entire cycle there hasn’t even been a single net-positive influx on spot large orders—while the main players acted like they were just hands-off all the way. This collapse is purely a chain reaction of liquidations caused by leveraged positions—there wasn’t even a single support buy order underneath. The contract fee rate is stuck pressing against the zero line and can’t squeeze out even a shred of long-side premium. Any rebound is just an illusion—keep shorting until it finally drops and settles!