I have a feeling that someone knows something and that is why we are dumping. The open interest increased a few days ago when we started to decline. I think there is word of a ETF rejection or a delay that we will receive at the end of the month most likely

Usually when we trade in this type tight volatility, it means we will one day break-out. However we don't know which way. But it now looks like we are breaking in the bear side. We will see if $27K holds, but if it doesn't then it doesn't look good.