Don’t get fooled by short-term big orders returning to the market. Net outflows on a three-hour timeframe have already pierced the floor, and in the past twelve K-lines there hasn’t been a single net inflow. This is called a one-way exit, not a shakeout. On the contracts side, sell orders are proactively being stacked under buy orders to push price down. Spot and contracts are syncing their retreat too—following the trend to short is just riding along with the whales.