Is anyone still stuck on the net outflow behind spot big orders? The real trump card of the FIL chart is held tightly by the whales—large account long/short ratios have been pushed to more than double, and their position share is even triple the dominance. This kind of structure can’t be built by retail traders piling in. The price is nudging upward along the moving averages; on the four-hour chart, it’s candle after candle of bullish signals. Meanwhile, futures open interest is also increasing in sync. While others stare at the little ripples on the surface, the smart money is already moving stones to lay the path. By the time people on the shore figure it out, the train has already passed a few stations.