This deal hit me in the face—spot prices are hard-pushing straight above futures. The discount has been widened this much, which shows that real, hard cash is being used to bid up the spot market. The so-called price spread on the futures side is basically the shorts paying to stubbornly hold it up. In the last three hours alone, there hasn’t even been a single red K from net inflow of large spot orders—twelve consecutive candles are all buys. This isn’t a level of action that retail investors could possibly pull off. And don’t even get me started on the fact that the open interest has been creeping higher for seven hours; even the fee rate is this negative. Instead of cutting positions, they’re stacking higher. The shorts are paying money to raise the pole for the longs. If you’re still waiting for an even lower price, brothers—take your time. I’m getting on board first.