2-hour liquidity chart, the recent sentiment has gone crazy. Someone dropped below 90K and opened a $300M short position, but a small rebound left no one standing. Neither longs nor shorts have an absolute advantage here; both sides are evenly matched. However, the main tone of public sentiment here is leaning towards shorting the rebound. Trump’s unpredictability makes him hard to figure out, but the core thinking around the midterm elections remains unchanged—still optimistic about the direction of U.S. stocks. Within a week, Mr. Yi should be speaking up.