Whoa. It looks like the bears are about to wake up?

I noticed some large sales in ETH and BTC on recent individual minutes on Kraken and Bitfinex. Someone fished all the stop limits on ETH down to 440 on Kraken. Somebody out there sold a lot of ETH and BTC on multiple exchanges for some reason.

I looked at BTCUSDSHORTS. TTM Squeeze is firing on that 30 min chart right now and shorts are finally starting to rise back up. My understanding is that BTCUSDSHORTS is just a raw number of short margin positions on Bitfinex, so the indicator here is like looking at a derivative of a derivative, but it seems to be saying that interest in shorting BTC is now rising again after going to the floor in yesterday's run-up.

I think this means we're about to move in a big way and probably down, but honestly I'm not quite sure what I'm looking at.


I'm an amateur and you definitely shouldn't take anything I say as financial advice. I would appreciate any feedback.