I can’t be bothered to listen to any more bottom-fishing narratives. The situation is obvious: over seven hours, the position size was piled up by more than 10%, yet the price keeps sinking in a steady downtrend. The 4-hour K-line is pressing down so hard that bulls can’t lift their heads. The more money the long side burns, the thinner the order book gets. The buy-side depth isn’t even half of the sell-side. No money has come in on the spot large orders—nothing, not a single cent. This is a group of people handing fuel to the shorts—feeding it more and more. When that little leverage finally can’t hold and the liquidation cascade starts, nobody will be able to run away.