Is anyone still watching the spot’s flowout to short? I’m not concerned. Contract open interest is rising along with the price—both the four-hour and daily trends are clearly pointing upward. This is real money voting, not using a needle to lure people in. Look at the big players too: the long-to-short ratio has jumped to nearly twice, with longs making up 66% and still adding positions. In the order book, buy orders are pressing down on sell orders, repeatedly grinding them—active buy volume is more than three times the sell volume. So tell me, what part of this looks like it’s going to drop? Trend, positioning, whales, and the order book all are tightly pulling in the same direction. The shorts are still standing on the other side, waiting to get squeezed. No need to overthink this move—the direction is already written on the face of it.
