$MU net inflow has hit zero. Spot large orders didn’t take in even a single penny. The confidence I had last time for going long has this time been left with not even a scrap—this price isn’t being bought up, it’s being pushed higher by retail traders themselves. Without real cash backing it, all the upside is just imaginary heat; whoever charges ahead is the one standing guard. The contract side is even harsher: open interest shrank significantly within a few hours, the funding/fee rate is lying flat on the ground acting dead, and leverage is being pulled out. Bulls don’t even have the nerve to add more.