The rally is too prolonged from literally $1400 all the way to $4500 I think it's already such a long running bullrun that eventually people want to cash out, prominently the one that already bought from the very bottom.
No wonder sentiment is split, it's not breaking ATH yet but on the other side people are already doing 3x right now.

Need to observe price action more to see whether buying pressure is still strong post bearish whale sell off that happened recently.