Big money stopped shorting. Ki Young Ju confirmed it. CME funds are finally going net long because the basis trade is officially a corpse. It is funny watching them pivot from risk-averse to aggressive, like watching a shark realize the bait bucket is empty. They are betting on the rally now, which usually means the local top is already in. I think my waiter is stealing my fries. Why do they think this time is different? The structural change here is just institutional panic masked as a bullish thesis. When these giants flip, they force the liquidity to move, which means the volatility is going to rip the scalp off anyone over-leveraged. If you are sitting on heavy bags, watch the open interest closely. If they start closing these positions in a hurry, it will not be pretty for anyone left holding the bag.
@cryptorippleeffect
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1August 10, 2026 5.9K
