BSB spot sell orders are so thick they could crush a dozen bulls, while the buy orders are so thin they look like paper. Over on the contract side, they’re proactively selling size, pinning the buy volume to the ground and rubbing it in—this isn’t a “pullback”; it’s someone actively pouring orders onto your head. The price has dropped a chunk away from the high; the open positions can still hold for a bit, but you’ll eventually realize that the little bit of rate/fee sweetness simply isn’t enough fuel to match the sell-side resting orders above. To the brothers still fantasizing about making new highs—wake up. The script for this chart is crystal clear: any push upward is just the dealer offering you exit tickets to unload, and the more happily you catch them, the more steadily the market maker can walk away. Don’t go against your own position. I’m on the short side for this one—let it move down to find support first, then we’ll talk.