$HYPE I’m speechless. It’s risen to just below the day’s high, yet on the spot side there isn’t even a big order to be seen—there are far more sell orders stacked above the order book than buy orders below. This whole move is purely being pumped up by futures traders hyping it themselves, and the spot market simply isn’t buying it. If you ask me, these signals make it obvious that there are no buyers willing to take the bags; the price has already been shoved back to the floor by the moving averages, and the four-hour chart is still contracting. The momentum from chasing the rally has mostly fizzled out. Whoever rushes in now to catch the falling knife is just lining up to help the market makers fill the pit, and anyone too slow to run won’t even have bones left.
