Based on this clearing map, there are traders betting on both sides of the market, and the direction is not fully unified. However, there is a clear accumulation of short leverage, which means that once the price rises, it can easily trigger a chain of liquidations.

So at this point, don't rush to guess the top or bottom. A more realistic approach is to focus on which side the main players want to drain liquidity from first.

In the short term, it's highly likely they'll sweep the liquidity above, shake out the shorts, and release some of the secondary sentiment.

Right now, this is not a trend phase; it's a harvesting phase.

Don't get caught up in the hype, don't over-leverage, and wait until the explosive moves are over before looking for genuinely good entry points.