NEAR This drop is crystal clear. Don’t let the bulls convince themselves with a fifteen-minute rebound. The contract open interest shrank dramatically overnight; the price is sliding downward while staying pinned along the four-hour bearish candle. This is the standard posture of a bull capitulation. What if large holders have piles of long positions on paper? No matter how pretty the positions look, they can’t stop the trend from grinding lower. Any rebound is just an exit window for you—not a signal to get in.