$3350 $Metaplanet: Thursday’s +18.5% move was less mysterious than the chart suggests. Tokyo had been closed for several trading days while Bitcoin rallied. When the market reopened, Metaplanet simply had to catch up: 243 JPY previous close → 280 open → 294 high → 288 close. The more interesting question starts now. 54.48M shares traded on Thursday. Was that accumulation, short covering, or were large holders using the strength to distribute? A rising price does not automatically mean smart money is buying. Friday remained strong, reaching 297 JPY and closing at 293. Now I’m watching the short, margin and securities-lending data. Don’t just ask where the price went. Ask who was buying — and who was using the rally to sell.