LINK This order book is so bad even the people who would normally set up (the positions) don’t want to— the futures contract basis is directly trading at a deep discount to the spot. In a single cycle, the basis change rate has suddenly dropped by 2.5 times. The long positions’ cost is even lower than the spot price. So who is lifting whose sedan here? Shandong’s market reputation isn’t exaggerated—on the spot order book, the buy orders are only 65% of the sell orders. Even the active buy volume is still shrinking. With this kind of support strength, a blow-up is inevitable. In crypto, the one thing that’s never in short supply is fools and gamblers—if you don’t get slaughtered, then who will?