I'd like to start out by reminding the reader that Bitcoin has seen unparalleled adoption not only since inception, but more-so since 2011.
This is due to the wide-spectrum increase of use--Both in personal interest, and availability to not just large investors, but to the smallest of investors as well.
What most don't realize, is that the instruments to trade Bitcoin have also seen mass adoption/development. So much so, in fact, that every-day/retail traders have found it increasingly easy to trade, both long and short, Bitcoin to USD, and numerous other derivatives (altcoin pairs). With this increase in ability to short, people have of course, shorted Bitcoin.
If people think that the market makers that are involved in crypto currency exchanges/liquidity don't see the massive trend in shorting prevalence, then you're extremely misguided. So much so, that you're failing to see the massive bull run that is gearing up. You may even be missing (misunderstanding) the way that markets like to move (especially the crypto market).
This coming bull run, whether successful in reaching new all time highs, will undoubtedly destroy any concept that the new-found shorters of cryptocurrency hold true.
If evaluating the ATH, and the yearly low, you would understand that this beautiful asset called Bitcoin went from 20k > 3k > 14k > 6k > 7k. With this in mind, does a lower point of 4-5k really come into view as the next possibility? Or is 16k a more likely scenario?
Please comment with your opinion and please, as always--keep it appropriate and professional!