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.
They could just go and close their shorts, without being margin-called or their stops being hit! This is not a game of "chicken" or who can hold on to their position the longest. Many bears are actually quite smart - they don't clong to a bullish sentiment, but rather trade the market and try to make a profit, even if the price is going down. If the market changes, they change their strategy/position - it's actually not something to be ashamed of, at all!
It's more realistic to say someone is bearish or bullish than to call them a bear or bull. Few people are permanently one or the other.