Too lazy to listen to what the bulls are blathering about “bottom consolidation.” Over three consecutive K-lines, the direction is all green—short-, medium-, and long-term all telling the truth one by one. Spot big orders are seeing continuous net outflows: in the past three hours alone, they’ve smashed the market by over ten million. On the futures side, the share of aggressive buy volume has collapsed to below forty percent. This bounce is basically the big players using the opportunity to distribute—do they really think no one can see it? The price is holding above the 20-day moving average, acting tough, but funds are actually pulling out of the market—leverage borrowings have shrunk by forty percent overnight. Smart money already left early. Don’t get complacent: the most sinister thing about this kind of tape is that it draws a support line for you, waits for the retail crowd to add positions, and then the next knife drops on your heads.
