Damn, this $EWJ round—let me put it plainly here: in the large-lot positions, the longs are down to a little over forty percent. Across all accounts, it’s basically a fifty-fifty split—those holding on to more than seventy percent of their positions are, themselves, the biggest bears. The number of accounts keeps swelling, but the positions shrink in the opposite direction. Every new hand that enters is on the sell side. Spot prices are clinging right on the day’s low, and a wall of sell orders pins the buy orders down hard. Whoever reaches out to catch it is the one lifting the sedan for the big player.