This one is really interesting—three hours of spot net outflows totaling over two billion, not even one out of twelve K-lines managed to turn into an inflow column; the funds were all fleeing in panic, and somehow people are still holding up cups to catch water and drink under the waterfall. On the contract side, open interest shrank sharply within a single day, and even the funding rate has fallen through into negative values. The longs don’t even want to pay protection fees—so what could possibly prop up a rebound? Even the active buying volume can’t suppress both the selling and buying sides; the so-called advantage of the bid side is nothing but a prop. The direction has been drawn long ago—the speed at which the money runs is faster than the speed at which you place your order. Don’t fight the fund flow. The short-side trend is already on the table—those trying to bottom-tick should weigh it for themselves.