The harder you stack this position, the more painful it will be when it gets hit. Open interest is lifting over the past seven days, yet the price has fallen from the highs by nearly 20%. The four-hour chart has already landed in the bearish zone—leveraged long positions are all collectively standing guard. The basis has turned negative, funding rates are pinned near zero; even the longs can’t be bothered to pay interest. It’s obvious no one is willing to buy into a rise. On-chain lending is also draining liquidity at the same time—everyone who borrowed to bottom-pick is running. Go all-in short with no brains; if you get liquidated, don’t come crying.