I really can’t listen to this bearish narrative anymore. The order book buy side is stacked thicker than the sell side by a wide margin. The spot depth clearly shows someone is taking orders from below. The price is right up against the previous stage high—only a thin layer of window paper away. And you’re telling me this order is going to drop? Long positions are still being added; the funding rate is a bit high but not to the point of frantic buying. That means the bulls aren’t in a frenzy yet—there’s still room. The shorts are sitting there on the book; what they’ll get is only the price slapping them in the face.