The bear has arrived—there’s no room for bulls to argue. This rebound pullback is actually the bulls’ execution meal: after falling by nearly 20%, large accounts saw their equity shrink by almost 10% in just seven hours. Yet on paper the bulls still control 60%—with accounts leaving and long positions stubbornly held. This pit has no buyer; no one dares to step in. The funding rate is still hovering in positive territory, and trapped longs are delivering daily “blood” to the shorts. This market can’t turn around the sky.