This slap-fight hits hard—within minutes the position size steps up one level after another. In the main accounts, the long side’s share is already nearing 70% and they’re still adding. You say this is distribution? Would someone distributing actually keep stacking positions higher and higher? A short-term pullback looks scary, but on the four-hour timeframe the trend hasn’t loosened at all—it's still pushing upward. The shorts are treating this little correction as a reversal signal; once price surges higher again, they won’t even get a chance to get on board.