On the contract order book, the amount of active buying has been smashed down by sell orders until it’s left at less than 30%. This isn’t a long-versus-short game anymore—it’s one-sided distribution. Even the fee rate is still kept high; the longs not only didn’t run, they’re still standing there holding—holding it for whom? Price keeps rubbing against the twenty-period moving average line, back and forth. The daily chart’s direction is writing a slow bleed lower. And those last four hours’ candles that look like bullish candles are, to put it plainly, just a breather in the middle of a downtrend. If your position is heavy, but the buy orders don’t step in, then you’re basically soaking in warm water waiting for someone to add fuel. I don’t believe this kind of market can be lifted by willpower. The project team themselves are watching you get stuck buying the bag—if you rush in, you’re basically adding counterweight for the elevator.
