With spot bids this deep, the bears still dare to sit up there pretending to be roadblocks? Over three hours and twelve candlesticks, the money hasn’t let up for a second—it’s all pouring in. Buy orders are grinding sell orders into the floor. This isn’t a bounce; someone’s using real money to scoop up coins. On the derivatives side, aggressive buying is also hammering the sell orders, while funding rates are steady as ever and nobody’s scrambling to bail. The leverage ratio has more than halved in twelve hours, which means the people who got liquidated in that last move have already been cleared out. Now the coins are all in the hands of diamond hands. This market is slapping the bears in the face so hard, yet they’re still standing there pretending nothing’s wrong. They look like people trying to pick up pennies in front of a steamroller. You snooze, you lose—and when this thing really takes off, these folks won’t even get a chance to climb aboard.