$CVX is up +12% today, shooting straight to 2.61, with volume around $5.3 million. Honestly, the funding rate in the spot market is only 0.005%, so hardly anyone is holding positions, yet the price keeps climbing. Pretty interesting.

I’d been waiting for a pullback, but it never came. Chasing it now feels awkward, but if I don’t, I’m afraid I’ll miss out.

Do you think the big players are quietly accumulating, or are they selling off?