ZAMA On this chart, retail traders get thrown off the ride, while the big players quietly keep accumulating—number of accounts is shrinking, but positions keep getting piled higher and higher. The long-vs-short ratio widens its gap directly. This is called a washout, not a retreat. Even the fees are still paying the longs. Holding the line doesn’t hurt; shares keep becoming more and more concentrated. If you don’t get on this train, wait to be thrown back at the starting point.