The chart clearly shows the bulls are controlling the tempo—price is grinding higher while hugging the moving average. The open interest increased by another chunk in a single day, and it even printed a strong quadrant; how could that look like it’s about to cool off? Intraday, the four-hour direction has not flipped to bearish at all. The one-hour timeframe only pulled back once and was immediately propped back up by buy orders. Aggressive net buying is pushing down against sell volume—the buy/sell ratio is nearly doubling. Is this called distribution? No, it’s accumulation. The shorts take this as a breather, but when they wait for a pullback, all they’ll get is a higher price to jump in. And when the trend really accelerates, it’ll even throw the tail lights out of view for you.