$LINK
The moment futures went into contango discount, bulls’ conviction shattered into dust 😂 Keep accounting for people stubbornly holding despite the fees—prices didn’t even bother to pretend, not even as a premium. Aggressive sells kept slamming the book; open interest shrank over seven hours, and those holding long kept getting forced to stand down. Big spot orders are still being withdrawn—no sign of any new money at all. So who’s going to take this rebound?
The moment futures went into contango discount, bulls’ conviction shattered into dust 😂 Keep accounting for people stubbornly holding despite the fees—prices didn’t even bother to pretend, not even as a premium. Aggressive sells kept slamming the book; open interest shrank over seven hours, and those holding long kept getting forced to stand down. Big spot orders are still being withdrawn—no sign of any new money at all. So who’s going to take this rebound?
