Bitcoin has just crashed to 58,000, dropping to its lowest level in years. But over in the derivatives data, it says the shorts have already been squeezed into one big pile—when the short side is overcrowded, it’s also possible that a sharp reversal squeeze could happen at any moment. Honestly, looking at this price makes me a bit itchy, but I’m also afraid to jump in and catch a falling knife. Still, with shorts this crowded, a breakout rally is definitely more likely. You know what I mean—this kind of setup is hard to call. Maybe try dipping your toes in with a small position.