$BTC is just 15% away from a new ATH.

But people are shorting it like we've entered a bear market.

The aggregated long / short accounts ratio has reached its lowest level since Q4 2022

Even during the August 2024 crash, people were less bearish on $BTC

On Binance, the Bitcoin funding rate has entered deep negative territory.

And this is happening when Bitcoin ETFs just posted their second-highest weekly inflow since inception.

It seems like people are very hesitant about this rally, and NGL, this makes me bullish.