ETH Do we still need to look at this spot order book? In the past three hours, net outflows have been massive—hammering out enormous volume. Out of twelve K-lines, not a single one is red. This isn’t a “pullback”; this is an organized liquidation by the dog cartel. Leverage and borrowing have been pushed to the limit instantly—borrowed coins are dumped straight into the market. This isn’t coincidence; it’s plain-sight distribution. Whoever steps in is effectively giving the cartel a year-end bonus—hold the short position steady and wait for the waterfall to happen.