When the tide goes out, you finally see who’s swimming naked—this chart’s K-lines are drawn so neatly, but the real money is seeping out through the drains. The contract open interest collapses by nearly a whole chunk overnight, and the price still hesitates, clinging to relatively high ground pretending to be calm—this is the classic “people are still here, the soul is gone.” Aggressive sell orders grind the buy orders into the ground; the meager resistance from the bulls isn’t even good enough to serve as a buffer for the shorts. Those two hours of sideways consolidation earlier weren’t bottom-building—it was giving a step for those making their exit. Brothers who took the positions at the highs: you’re not actually betting on the upside—you’re acting as rear-guard for the big players who are withdrawing.