$LINK In a week, it was pulled from 9.48 to 12.6, up 19%. Now it has retreated to 11.37—after failing to regain the previous highs, neither of the two top marks was held.

You can go through the books below: the ones lifting the sedan are getting off one by one. Open interest shrank by 8% in a day, and the system directly flags “longs liquidated.” Funding rates are stuck right at 0. This rally doesn’t look like it’s driven by fresh money piling in—no premium is given at all.

The big players also got exposed. Their accounts still show more than 60% long positions, yet within seven hours they secretly cut 4.6% of their long exposure. The reduction direction can’t fool anyone. The price is pinned near the upper 90% of the range, and the four-hour timeframe already judges it as exhausted.

How happy it rose, how soft it fell back. Truly unbeatable—I’m short. Unless open interest is rebuilt and funding rates start offering a premium again, this is the last breath before the longs exit.

#link $LINK