$MOVE reminded yesterday that Move has a trend of building shorts at the top, and some people are still arguing in the comment section. At present, don’t think that Move is very rigid. There was a large amount of selling in 24 hours, and the small-scale pull-ups were all to close shorts (the contract position decreased, and the contract had a net inflow, which is to close shorts). If the main force did not increase its long positions, this position would basically not be stable.

The area near $MOVE move1.13 feels a bit like building a short order at the top of the market. The contract position has been increasing but the contract net value is negative, which means that today is mainly building short orders. The small-scale pull-ups are mainly to close shorts, and there is no increase in long positions. The overall main force's willingness to pull up is very weak. Combined with the big cake smashing the market, this position must not be chased. Long orders can consider taking profit. I don't like to tell you to short, but if you want to short, bring a stop loss.