With it down like this, are people still brave enough to reach out and catch the falling knife? Over a four-hour window there are six candlesticks—five of them are bearish. Price is sliding down along the moving averages, and it can’t even manage a decent rebound leg. They say they’re buying the dip, but the bulls are propping themselves up under a negative funding rate, while positions are still shrinking—real money is truly running away. This isn’t that the market can’t fall anymore; it’s that it hasn’t fallen enough yet. Reaching out to catch a falling knife while the elevator is still going down—catch once and you get cut again.