This top at 720… it’s been a day already, still can’t push through.🤣 Brothers who rushed in shouting “break through” earlier—don’t be in a hurry: go pull up the contract order book slices for seven hours and take a look. The moment buy-side momentum appeared, it got chopped off by another 3.5%; the buy-side share dropped below 50%. Sell orders are holding down while buy orders run, and the closer it “tops,” the more this market looks like a pump built to find someone to take the bag.
Looking at positions for the day, yes—the open interest expanded by 7.5%, and new money did come in. But during those same seven hours, that money already started to retreat: open interest shifted from increasing to shrinking, and the funding rate cooled off from above the average. Even the longs aren’t willing to pay extra interest—you think this move can “keep it alive”?
The whales’ positions are still pressing at over 70% longs, sure. But for those seven hours, they’ve also been quietly reducing—big accounts leave first. What’s left isn’t just standing guard on the mountaintop?
Attitude is one word: short. If 720 can’t go up, it’s short territory. I’ll just wait for it to drop back and fill the gap. Here’s the deal—once it holds steady at 720 on increased volume, and the buy-side share comes back above 50%, I’ll flip and admit I was wrong on the spot; until then, stubbornly holding up at the highs is just handing out money.🈳！ #qqq $QQQ
Looking at positions for the day, yes—the open interest expanded by 7.5%, and new money did come in. But during those same seven hours, that money already started to retreat: open interest shifted from increasing to shrinking, and the funding rate cooled off from above the average. Even the longs aren’t willing to pay extra interest—you think this move can “keep it alive”?
The whales’ positions are still pressing at over 70% longs, sure. But for those seven hours, they’ve also been quietly reducing—big accounts leave first. What’s left isn’t just standing guard on the mountaintop?
Attitude is one word: short. If 720 can’t go up, it’s short territory. I’ll just wait for it to drop back and fill the gap. Here’s the deal—once it holds steady at 720 on increased volume, and the buy-side share comes back above 50%, I’ll flip and admit I was wrong on the spot; until then, stubbornly holding up at the highs is just handing out money.🈳！ #qqq $QQQ
