Traders betting on a decline in $BTC are paying to hold positions today. That means the short side isn’t just crowded—it’s paying out of pocket to stay that way. Funding has turned negative. This simply means the majority of the market is expecting a drop. What many are missing is this: When so many traders are on the same side, the position itself becomes a risk. Because if the price reverses upward, short sellers aren’t investors anymore—they become forced buyers. That’s why some rallies aren’t driven by new money entering, but by people trapped on the wrong side scrambling to exit. Today, the most crowded side of the market is those expecting a decline.