BZ contract order book—this proactive buy-for-growth is pretty something. The buy volume is being used to suppress the sell volume; the buy ratio has already passed half and it’s still being pushed higher. The sellers don’t have much fight left—pullbacks can’t even dip deep. Price is being pushed up along the moving averages; the daily timeframe has already flipped upward. The 4-hour chart is still grinding, but the longer it grinds, the thicker the buyers waiting underneath. A slightly negative funding rate suggests the bulls haven’t been squeezed into a breakup; instead, the bears are actually paying to hold the line. On this tape, who is really working for whom isn’t clear?