$ETH On a day when seventeen sky rockets were fired—yet the order book leaked first—there were more sell orders than buy orders by a good margin for the spot listings, and the actively sold volume was even twenty-odd times the actively bought orders. This spike higher is a sleight-of-hand meant to provide cover for distributing at the high levels. In just seven hours, the whale account’s balance shrank by over ten percent; the long side’s position share is still less than seventy percent of all retail traders. Big players reduce positions on the rise, while small fry chase the price and take the bag—smart money exits first. Short: any buy orders taken at the high level are just the shorts’ free year-end bonus!