Since the OI positions started building up, the funds have experienced a significant decline. I want to confirm whether this downward trend is mainly driven by the bears, or if the spot premium (due to long positions chasing higher prices) has pushed up the price—especially considering that the basis for the front-month spot is about to weaken after the NY close. I would greatly appreciate it if someone could help confirm this.

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BlockchainTherapistvip
· 7h ago
The short sellers are really ruthless this time; spot premium can't save the situation either.
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BridgeJumpervip
· 7h ago
The decline in funds is really heartbreaking, but to be fair, after opening positions on OI, it still dropped this much. How can the bears be so fierce?
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BlockchainArchaeologistvip
· 7h ago
Spot premium is already so high, yet funds are still flowing out? This logic doesn't quite hold up.
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MEV_Whisperervip
· 7h ago
The decline in funds is so obvious, it feels like the bears are really taking action. We need to keep a close eye on the basis.
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AirdropBlackHolevip
· 7h ago
Capital declining? Isn't this just the bullish traders being shaken out?
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