$AIO Don’t take a rebound as a bull market. This is a trap set by the shorts—watch how they invite you in. Those who chase higher prices are all helping others carry the sedan. On the contract side, for seven hours the number of positions doesn’t rise but falls; yet the total market value of holdings climbs against the trend—real money is withdrawing, while what’s rising is only the paper “heat,” not genuine fire. Fees remain positive across eight sampling cycles: the longs keep paying rent and bearing the burden, while active sell orders pin down the bid so buyers can’t get a head of steam. On the spot market, even though prices have been rising for 24 hours, the order book’s buy volume can’t overpower the sell volume— the higher the heat, the bigger the move when they unload.