The 64,000 level has been breached. Forced liquidations have driven the price down further. Ninety percent of the liquidated positions were long positions. The retail long/short ratio is still at 1.93. Smart money is already on the other side. ETFs have been falling for five consecutive days, with open interest decreasing by more than eight percentage points in a single day. Leverage is paying off. At this level, I'm just watching and not moving.