The person sitting in the bulls’ palanquin is still stubborn with their claims. The price has already smashed through the short- to mid-term moving averages, yet the contract positions are being stacked up one layer at a time—this isn’t accumulation. This is someone using your margin money to prop up the table legs. In the big-player accounts, the count shrank within seven hours, the bulls’ share has been dropping from a high level, the smart money is letting go, and the buy volume on the order book is left with nothing but silence. Don’t tell me about some oversold rebound—there hasn’t been a single bullish candle in twelve consecutive K-lines for continuous big buy orders in the spot market. This liquidity is a one-way door. If the bulls keep holding on, until the day open interest explodes, you’ll know who’s cashing out their “year-end bonus” on you.