$BTC Price just saw a sharp move to the downside, while funding flipped from positive back into negative territory. At the same time, open interest is rising, indicating that new positions are being added into this move. This suggests that shorts are aggressively entering as price is dropping. Spot volume has started to decline slightly, but not enough to signal strong selling pressure from the spot side. If this continues, shorts might become overcrowded which increases the chances of a short squeeze.