#TAO Leverage lending directly freezes within twelve hours. Meanwhile, on the spot side, the long/short ratio skyrockets to something insane. Retail traders are piling in on naked exposure, and when big capital pulls the leverage back, who’s going to take this position? Over four hours, there are six candlesticks, five of them bearish—down nearly 10%. The trend collapsed a long time ago. If you rush in now, you’re the one left holding the bag.