BTC Spot premium pretty much unchanged during this sell off. It's not like there's no shorts, there's likely quite a few of them. But it is paired with a ton of spot selling from large BTC whales. This makes it so there's no large spot premium like we'd usually see during sharper sell offs like this. Once the spot selling diminishes, we could look for some relief/short squeezing. But it's going to be a tough task with the current pace of selling.(Daan Crypto Trades)