Before the opening of the US stock market on Monday, the spot premium of $BTC is still in positive territory, indicating that the supply of funds in the market has mostly been consumed since last Friday and over the weekend;

By the way, the positive funding rate of 0.01% that lasted for 3 weeks finally decreased last Friday, and currently, there are occasional instances of it falling below 0.01%;

Considering this premium index, there are many short positions.

However, the technical situation of BTC has indeed deteriorated, so it's understandable that these people are shorting. If you ask me when I would consider shorting, I would prefer to wait for an opportunity, which would be after the market strikes down my peers, then I would consider shorting.