The key signal in REEDR is the fast fade after the high-volume spike on May 11, followed by a low-volatility, tight-range consolidation today. On the daily chart, the move to 8.64 was given back within two sessions to the 7.76–7.79 area, which shows that upward impulse could not convert into lasting control. Today’s turnover of 83.8 million TL is weak relative to recent sessions, so the tape looks like a pause rather than a fresh trend leg. In the order book, the 606.7k share sell wall at 7.76 is much heavier than the 294.5k share bid at 7.75, so the microstructure currently leans to the sell side. Intraday action from 12:25 to 13:35 stayed compressed around 7.77–7.81, then softened from 7.93 toward 7.76 into the close, suggesting that rebound attempts were absorbed. Yesterday’s intraday profile shows the same pattern: rallies were not sustained and volume increased on the way down, not on the way up. The news flow adds a fundamental weight, as the 2025 consolidated net loss is still large despite improvement versus the prior year. Overall, the strongest anomaly is a market that has lost upward velocity and is now pinned in a 7.76–7.84 range with clear sell-side micro dominance.