Precision in the 35s to the 30s fluctuations, don't underestimate this kind of fluctuation, one back and forth could be 30 points. However, I didn't short the contract, just bought alpha spot at the low and sold at the high.

Understanding the recent trend of $BULLA from another perspective. We mentioned that BULLA's current goal is to continuously trick short sellers into opening positions while long holders close theirs. Currently, looking at the data from smart money, the average price for long positions is 38, so it won't be easy to let them break even at 38. Driving the price below 30 to force them to liquidate is one option. However, looking at the short positions from smart money, the first thing to note is that the short positions are larger, with a holding of 2.4M and an average price around 30. Although the shorts have already completed their task of helping the market makers break even when they opened their positions, they cannot be allowed to profit; otherwise, the market makers will have less to gain. Therefore, it won't be easy to let the price drop below 30 for them to take profits. This is why we are currently seeing this range-bound market between 30 and 36.
The most likely development next is still low-level fluctuations, and after most longs get squeezed out, the next wave of upward movement to trick new longs into entering will begin.