AS/OS unchanged as of 10 min ago. MM having their way with this. Need some sustained volume to force them to cover higher, otherwise they'll just chew through it and refill as feet get shaky.
..what it might be is whales requesting AON all or nothing orders and the MM's do their thing to supress/scare pps down a bit to fill these huge one time orders. I wasnt following L2 before the buy: was 4 mil on the bid or ask?
If not....it was an AON order...meaning best case scenario....whales loading and they dont want the price to skyrocket when they are.
So if anyone is long here this is good, but for flippers/nervous they dont like it.
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