Three Binance accounts are long bitcoin for every one short, and they got there in seven hours. $BTC The long/short accounts ratio went from 1.39 to 2.92 between 13:00 and 20:00 UTC on Nov-05 while the price slid from $79.7K to $76.2K, and averaged 3.08 on Nov-06: 75.5% of accounts long, seen on 47 of 2,239 days since 2020. The crowd has jumped into longs this fast and this far 7 times before, Apr-2021 to Feb-2025. All 7 saw a close 5% lower within 30 days, median on day 4. Thirty days later the price was higher in 1 of 7, median −10%. Ninety days later higher in 2 of 7, median −28%. Statistics, not a forecast: 7 cases, 5 of them in the 2021–22 bear. A crowded long is a fact about the crowd, not about the price.