This is a classic set-up.
The Buy depth looks absolutely abysmal..... and that's what they want us to believe.
The perceived absence of buyers is giving the shorters a lot of courage to push the price down as far as possible. But, there's always going to be a reciprocal situation the other way when the shorters need to cover their positions.
The spring back will be swift and catastrophic for some of these shorters.
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