Prices keep crashing downward, but contract open interest is rising on a huge bullish candle—this market actually makes me more and more excited. Who would add heavily when it’s falling? The whale accounts’ long/short ratio is still leaning toward longs, and their share is still increasing. The big players haven’t exited; they’re just picking up bargains. In the spot market, net inflows from large orders over the past three hours add up to several million US dollars. The active buy and sell orders are basically 50/50—this doesn’t look like distribution at all. Negative funding rates? The shorts are basically walking into the barrel, waiting to be squeezed and lifted. In this kind of divergence, I think the shorts are the ones feeding fuel to the longs.