Let me see, the big-signal/bullish board is quite hard to rally; a crash is the best option. Long positions are several times better than short positions; blowing up shorts isn’t worth it. However, short options are also suitable. There are too many people looking to go long—one big drop can blow up several hundred million dollars. Right now, the best thing is to hedge by buying/selling put options.
ps: Too many people are most likely just betting on a breakout