My brain can’t process this. The account long/short ratio looks pretty fierce, but the long/short positioning has been cut down to just 38%. In seven hours it shrank again—so are the big players dismantling the east wall to patch the west? They shout “long” out loud, but in their hands they’re more honest than anyone. The fee rate has already turned negative; they’re proactively buying volume to prop up about 60%, yet the price is still being kept below the moving average. This isn’t a shakeout—this is the book-balance longs using real money to put up a backdrop. If you rush in following the account data, you probably haven’t even figured out which side you’re standing on.