Well shorts are down to 26K, an 8K drop since the ATH on April 27th. Looks like more and more traders are starting to feel that the 17 month bear market might be coming to a close.
Should have been in bull by now if all these ASIC miners are selling at a loss.
Look at the charts. It looks like we are recovering, we might actually be in the beginning of a bull market.
So far, all the bears are fat and happy.
There will need to be some short squeeze to kill a few bears before any bull run.