This bounce feels borrowed—when they pushed it up, it looked lively, but now that the repayment date is here, not a cent of principal or interest has been cut. NBIS just barely poked at the intraday high, then turned around and got hammered back below the two short moving averages, sliding all the way to hover near the 24-hour low. Contract open interest shrank by more than 10% in a single day, with the longs retreating while making do. Sell orders from aggressive execution kept pressing down on buy orders, and the order book couldn’t squeeze out even a decent rebound. Don’t trot out that “stop-hunting/washout” theory—keep it to yourself. Even if a bullish candle closes beautifully, it’s still outward strength with internal weakness. Let it find its own way downward—anyone who reaches out will get burned.