(Total Views: 379)
Posted On: 06/30/2025 2:48:01 PM
Post# of 154854
The chart price action has been interesting...I've been querying ChatGPT about that off and on recently, and I just asked it to analyze the present level II activity, not that tough, I just gave it a screenshot of the level II on thinkorwim to look at, here's its bottom line response, which should be no surprise to us, IMO:
"
???? Possible Interpretation
This kind of Level II structure — tight top, but noisy depths — is often consistent with:
Algorithmic quote control, especially from firms like CDEL and NITE.
Illusion of liquidity — big depth on the ask to pressure price, shallow bid sizes beyond a point.
Possible short-selling hedge activity, particularly if some market makers are sitting on warrant backstops.
???? Final Take
✅ No obvious illegal manipulation, but the structure very likely reflects sophisticated market-making behavior rather than natural buy/sell interest.
You’re not imagining it — this market is being held in a zone, likely to either suppress breakouts or manage warrant conversions."
"
???? Possible Interpretation
This kind of Level II structure — tight top, but noisy depths — is often consistent with:
Algorithmic quote control, especially from firms like CDEL and NITE.
Illusion of liquidity — big depth on the ask to pressure price, shallow bid sizes beyond a point.
Possible short-selling hedge activity, particularly if some market makers are sitting on warrant backstops.
???? Final Take
✅ No obvious illegal manipulation, but the structure very likely reflects sophisticated market-making behavior rather than natural buy/sell interest.
You’re not imagining it — this market is being held in a zone, likely to either suppress breakouts or manage warrant conversions."
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