Hakimi, I admit defeat on this one—it's nowhere near the bottom. In a single day it dumped close to 30%, and within four hours five bearish candles slammed one after another. Any rebound that popped up in between was just dead-cat bounce—no real follow-through at all, not a shred of buyer commitment. On the contract side, it looks even more shaky: with the price collapsing like this, the open-position count barely shrank, and the funding rate is still stubbornly stuck on the positive side. The longs are using real money to force themselves through a channel of ongoing descent—holding on while simultaneously feeding the other side’s order flow. If you keep holding longs that can’t break the bottom, all you do is grind the dip-buying crowd into the next wave of sell pressure. Hold the short positions; don’t waste time talking about rebounds to the greenhorns.