Are people still waiting for a rebound—did their brains get hit by a door? The major players’ big orders over the last five candlesticks have been running more aggressively one after another. In the spot market, the net inflow over the past three hours looks pretty convincing, but it’s all retail investors catching the falling chips underneath. Futures open interest has shrunk by more than 20% in a single day—this isn’t a washout; it’s smart money pulling out in batches while leaving the “greens” to dig through the rubble for rebar. In the four-hour chart, it keeps falling without even catching its breath. Every time there’s a rebound, it gets knocked back down—now the deeper you catch, the deeper you sink. Wait until the day it breaks the previous low, and these people won’t even have the chance to run.
