$BZ rebounds failed. Over the course of four hours, it plunged from a high point, landing back below the moving average. The price even drifted near the 24-hour low again, while contract open interest continues to retreat day by day. What’s most glaring is that the active buy-side still has the upper hand, yet the price keeps sinking one candle at a time. This drop is so punishing it leaves people’s scalps tingling—buying in feels like throwing stones into the water, with not even a single ripple. The big players’ positions are still leaning on the short side; even one spot order, with net inflow, can’t flip the situation. Whoever is stubbornly catching bids underneath is essentially providing the cushion for this leg down.
