Bears just waiting for someone to sell. Long swaps at 0.1% interest is high, but that is only the last few days of swap total.
The order books look better matched than they have for weeks.
One big buy and the bearish sentiment will evaporate in a puff of smoke. Like most of the leveraged bears did the last month.
The "bearish sentiment" is solely connected to the imagined barrier of $300. If you look at 1d charts we are still just moving up the stairway to heaven.
Edit: So by wednesday we should be past $300.
The price better turn around real quick or I might end up looking foolish.