Buying to smash the sell orders into the ground—right now the spot active bid is approaching eight times the sell side. The little depth the sellers are hanging is just for show. What is this—pushing a stall’s posture as if in a buyer’s market. In the four-hour direction it’s upward, and on the daily timeframe the price is also standing on the long side. The price is hugging the moving averages and pushing higher, while open interest is increasing in sync, yet the fee rate is still not even one ten-thousandth. The longs haven’t even paid much in fuel fees. With a tape like this, the only bit of dignity the shorts have is to recognize the loss sooner.
