This drop is not unjustified at all. The price can’t even climb back above the moving averages, and over the past four hours there hasn’t been a single decent bullish candle. What are the bulls going to use to talk about a rebound? Spot net outflows over three hours have directly turned into a waterfall, and in twelve candles you can’t even spot one red one. Big money has already started to leave—are you still waiting here and hoping the main players will turn back and pick you up? On the contracts side, active sell orders are pressing down on buy orders, and open interest is still shrinking, which means even the people holding through the move are starting to admit defeat. When the trend isn’t on your side, every reason to buy the dip is just a comforting lie you tell yourself. Don’t catch it.