Back To The Middle… And The Edge Is Gone

Tricky from here

The squeeze played out fast. Positioning got caught, flows flipped, and price ripped higher on the back of forced buying and volatility dynamics. What looked fragile just days ago is now back to looking supported.

But that’s exactly the problem. The easy part of the move is behind us, and price has snapped back into the middle of the range, where conviction fades and edge disappears.