$AKE 17.2M as $AKE pulls back. Meanwhile, around 55% of accounts are positioned short, and the overall long/short ratio is near 0.81. Funding has also cooled close to neutral. This tells us traders are reducing exposure, but we don't yet have strong evidence of aggressive fresh short building. Don't underestimate a possible short squeeze.
Now look at the selling pressure. Futures CVD is negative on both 1H and 15M, orderbook delta remains negative, and recent 15M taker sells (298.8M) are exceeding buys (258.6M). Short-term sellers have the advantage