$PNUT , the contract position ran nearly 120 million in 24 hours (down by 1/3), with capital outflow approaching 200 million. Closing positions for both long and short will reduce the holdings. After a sharp decline, long positions face liquidation, and short positions closing can eat into profits. When the main force settles long positions while receiving wages, highly leveraged longs will also be forced to settle as prices drop.

After the sharp decline, recovery is not quick; the market maker needs time to accumulate positions, or continue to wash out further. To judge the operations of the main force, it may be necessary to analyze order flow.