The more the market drops, the more positions get opened—this order flow, $MRNA , is coming at you the wrong way and that’s the most deadly part: the price shrinks day by day, while the contract open interest stacks up rapidly. The harder it falls, the more aggressively shorts pile in, clearly aiming to push the price deeper and deeper. Sell orders are pressed down against buy orders, and the funding rate stays pinned above zero without budging. The shorts even save on their position costs. Sooner or later, that layer of buy-side support will be ground through. And right now, catching the bottom means stepping in to ride the decline. The downtrending corridor underneath seems to stretch endlessly—whoever “hard catches” it can only use real money to absorb the sell pressure. After absorbing it, they still have to wait for even lower steps to come. With only that bit of size, it can’t survive a few more bearish candles.