Wyckoff suggests that every cause must have an effect. If there's a price push without the necessary volume, it may be due to the "composite man" absorbing the shares, to sell them at better a price.
My narrative/conspiracy is that the All The High coincides with the contract expiration date. The contracts may be withheld to be short-sold until June, which would be profit taking. And where would those profits go? I presume Crypto assets since the FED is approaching its inflation targets. So, the Venture Capital Hedge Funds might be "hedging" the over inflated tech stocks against another tech driven asset group: the crypto.
My narrative/conspiracy is that the All The High coincides with the contract expiration date. The contracts may be withheld to be short-sold until June, which would be profit taking. And where would those profits go? I presume Crypto assets since the FED is approaching its inflation targets. So, the Venture Capital Hedge Funds might be "hedging" the over inflated tech stocks against another tech driven asset group: the crypto.