$CYS rebound is an escape call, not a place to get on board. The spot market’s 20-level sell orders are thicker than the buy orders, and the depth is below 0.93—so the bids can’t be pushed up at all. The fee rate turns negative, the basis is at a discount, and leveraged longs are mass surrendering their positions. In the pullback during a continuing downtrend: pull up, then kill again. Short at 0.75, stop loss at 0.84, targets 0.67/0.62.