PUMPBTC This round has me laughing—prices have been grinding all day with their heads pressed against the recent highs. The whale accounts are uniformly keeping buy pressure by stacking short orders; positions are still being added nonstop. The spot buy-side wall is so thick it’s insane, almost crushing the sell orders on the other side by a factor of two. No matter how aggressively the short side keeps smashing the order book with passive sells, the price just won’t break down. That amount of volume isn’t even enough to squeeze into the gaps for big positions. Once this momentum eases and price pushes up again, the hard-shorts won’t even get a chance to get off the train—they can only stand there, staring blankly as the price keeps running farther away.