While everyone else is still agonizing over which way the market will go, I’ve already run out of patience with the bulls. The number of whale accounts going long looks respectable enough, but the long/short ratio by position can’t even hold above 50%—and it’s slipped further. They talk a big game about buying in, then run for the exits. Isn’t that a complete collapse of their image? Active buying has shrunk by nearly 20% in seven hours, funding rates have stayed negative for a full cycle, and buy-side depth still can’t match sell-side depth. Money’s flowing out—what exactly are they going to use to push the price up? Price is grinding lower below the moving average. Any bounce is your chance to make a graceful exit. If you insist on waiting for a breakdown before you believe it, don’t say nobody warned you.