It is interesting to note that while shorts are increasing the volumes are fairly cyclical and also range bound.
See the candle chart for BTC USD Shorts
I also note that the shorts appear to rise really quickly and then fall back slowly as illustrated by the triangles.
I am not sure what this means. I hope someone with more experience can shed some light on this. I can only wonder if the Whales/Barts are trying to negatively influence what appears to be an inexorable rise in shorts ....? All insights welcome.
Given the movements to date I expect that shorts will quickly rebound upward in the next several hours and BTC will drop significantly testing new lows...
Keep having fun!