Everyone on X is talking about "record shorts." The data say

Everyone on X is talking about "record shorts." The data says the opposite! Alphractal's Bitcoin Long/Short Ratio just hit 2.52, up 32% in 7 days, near the top of its 2024–2026 range. 🟢 Long/Short Ratio: 2.52 (+32% 7d) 🔴 BTC: $72.9K, down from $74.8K on Nov 8 • Funding rate: still positive • Open Interest: $43.37B (−2.4% 7d) Price is falling while traders keep adding longs. That's not capitulation, it's dip-buying with leverage. Historically, spikes in this ratio during drawdowns have left the market vulnerable to long squeezes before a real bottom forms. That said, a high ratio isn't a timing signal on its own. If BTC holds the $72K–$74K zone, these longs can become fuel for a bounce. Follow the data, not the narrative.