Then you hurry up and go all in.

This chart is priced in US dollars and also includes data on the number of open contracts:
Our number of open contracts has declined to a sluggish level in an upward trend; additionally, the number of short sellers taking profits is also very high. Historically, during this phase, the market has formed a bottom.
Conclusion:
Open contracts are at a sluggish level → near bottom signal; a large number of short sellers taking profits → bottom signal; an increase in long open contracts → possible continuation of consolidation.

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