$ETH I've got to hand it over—those brothers borrowing money on-chain to trade are running faster than anyone else. In just half a day, the amount of borrowed coins has been cut in half. Meanwhile, the big leveraged long positions on the spot side are being liquidated one after another—like the leverage “fuel” is being drained straight out, not unlike bleeding. Even the bulls can’t find the strength to keep pushing the price up. If you ask me, this looks like a bunch of people from the same side dismantling each other’s efforts: the price can’t even crawl back up to the moving average, and on the spot side the big money is still slogging away moving funds out of the market. Down below, there’s not even a hint of anyone willing to step in as a buyer—fuel’s already been burned dry. Now it’s just waiting for the bearish candle to teach you a lesson.