4 hours of liquidity, we can’t see any large perpetual or spot orders anymore. The bulls jumped in directly yesterday, you all know why—Binance buyers wanted to join in on the hype. A large amount of chips is concentrated at 77 below. There’s no money above, even if it goes up, it won’t liquidate anyone. The bears didn’t act on this rebound at all, it’s just the trapped bulls fighting among themselves.