BTC keeps climbing, but the funding rate is getting more and more negative. Small retail accounts started shorting from 70K and kept losing money. Mid-sized accounts joined the shorting army at 74K. Only the whale accounts kept going long and are still adding to their long positions. Retail traders are rushing to short, either thinking it’s hit a resistance level or stubbornly believing it’s a fake breakout. The truth is, until these shorts get liquidated, the rebound won’t stop.