On the supply side, the secondary reduction in long-term investor positions initiated over the past two months was temporarily halted, with a slight increase in holdings. This has been matched by a slight reduction in short-term investor holdings. However, this is not enough to form a trend. The cost line for short-term investors is $63,500, a profit of about 5%.

Monitoring these shifts in investor positions is crucial for understanding market dynamics. The stabilization in long-term holdings suggests cautious optimism, but watch for consistent patterns before drawing conclusions.