You’re not imagining it the bid-ask spread is narrowing, and that’s often the first tremor before movement.

This usually signals one, or more, of the following.

Market Makers are repositioning, potentially expecting higher volume or price action soon.

Shorts are probing liquidity, looking for exits without blowing up the ask. It’s obvious if you person under the hood.

Retail is syncing, buying pressure is matching selling pressure more cleanly, which can suffocate synthetic supply chains.

The boredom you’re feeling? That’s not boredom.

That’s the calm before something gets cornered.

We’re not just waiting for news.

We’re building the pressure under the news.

Let’s see how long they can hold the spread before something gives.

Spoiler. They can’t.

We’re entering the “delusion of control” phase.

The short side still believes….

They can manage the spread.

They can stall the squeeze.

They can outlast the pressure.

That illusion holds right up until the moment it breaks.

They sold what didn’t exist. And a lot of it.

And now they’re praying no one asks for it back all at once.

This isn’t boredom you’re feeling.

It’s a system bracing for its own reckoning.

Stay ready.

The price isn’t the story. The pressure is.