Watched the scene at the airport... Yesterday, they still couldn’t get past the spot trader... (Figure 1) His sell orders filled well, but after the U.S. market closed, spot buying power simply wasn’t enough... Then this guy ended up buying back some of the same coins he just sold? (Around $84K) I don’t get it—anyway, yesterday was all about his performance... Once the price failed to hold above $84K, longs started capitulating... ------------------ Yesterday, ETF inflows totaled $500 million... Today, they woke up to find themselves trapped... So after U.S. markets open today, watch out for another downward spike (some ETFs may be exiting)... ------------------ Open interest has now reset to levels seen on the 20th... All longs since this rally began have been wiped out... All shorts above $84K have also been cleared out... Both sides have been thoroughly shaken out... ------------------ Given recent behavior like this, longs below $81K should also tread carefully...