In the recent cryptocurrency market, the activity of short sellers has been quite significant. Take Binance, for example; according to the long-short ratio data, it turns out that 58% of people are shorting. It feels like a large number of short sellers have flooded into Binance. This data clearly shows that the short sellers are confident that Bitcoin won't break its previous high, so they are all choosing to short, hoping to make a big profit from it.

However, Bitcoin's price movement has always been difficult to predict. If Bitcoin breaks its previous high, those who are shorting could be in danger. If Bitcoin sets a new high, it means the market direction is completely opposite to what the short sellers expect, and at that point, a large wave of people will be mercilessly 'harvested,' getting trapped in this market situation, with a very high risk of liquidation.