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$DASH Contract funds are flowing out; spot continues to flow in. Positions trapped at high levels are locking up—natural support is evident.
The coin price is also rising steadily, luring retail traders into contract shorting as fuel.
After profit-taking at lower levels releases sell pressure, the concentration of positions will further increase.
With the main players controlling the market strongly, after the shakeout is completed, it will most likely kick off a trending move.
Right now, in the short term, the market is consolidating at high levels to accumulate chips and lure shorts; next, it will most likely surge higher again in a big way.