$2Z View the futures data and I can see that the open contract volume is still at a very high level. It seems that the capital flow has not withdrawn at all and is only being transferred from those who can’t hold on to the new entrants. This creates a concealed, highly risky compression state for anyone who wants to jump in right now. At this time, it’s extremely hard to predict whether price will break the bottom or recover, but with such a large number of stuck positions, wide swings are likely to occur in order to sweep liquidity. For me right now, I’m leaning toward patient observation rather than betting on a trend that isn’t really clear yet $2Z

$2Z View the futures data and I can see that the open contract volume is still at a very high level. It seems that the capital flow has not withdrawn at all and is only being transferred from those who can’t hold on to the new entrants. This creates a concealed, highly risky compression state for anyone who wants to jump in right now. At this time, it’s extremely hard to predict whether price will break the bottom or recover, but with such a large number of stuck positions, wide swings are likely to occur in order to sweep liquidity. For me right now, I’m leaning toward patient observation rather than betting on a trend that isn’t really clear yet
$2Z