Don’t count on DRAM for a rebound to save you—at the contract end, the market’s direction is already clear: the shorts are getting a head start. The active long-to-short ratio is being pinned below the balance line, active buy share hasn’t even reached half, and in seven hours it’s still shrinking. Sell pressure has been pressing steadily over the buy side. This money isn’t coming to bottom-pick—it’s here to add to shorts. In the spot order book, sell orders are clearly thicker than buy orders; no one is stepping in to take them on. Any rebound is basically delivering ammunition to the shorts.