I can't imagine Goldman or any other whale Shorting this much longer. It would be like whales trying to buy the top when BTC was 20K. Would be stupid. We've retraced 70% since ATH . Even if BTC was tulips and died 90% -- they'd only hope to gain an additional 20% from here??? Is 20% gain worth the obvious risk here for a whale?
They are too greedy to be drooling over a 20% Short with dwindling Risk/Reward for bears.
Shorting a close bottom is like buying an obvious top. It's stupid. And no whale with a head on their shoulders would do it ... or would they..:) ? The only further reason for stagnating the price or dropping it further is ACCUMULATION. To own more of the future. If BTC trades at 6K for another few days/weeks, this is more likely to explode upwards -- not downwards. Even if it drops to 5K, you can expect an even more violent explosion from there. Whatever's happening now is just building pressure for an upward explosion IMHO . The more we stay here/drop further, the more violently this is going to erupt.
Remember whales don't Short 6K or 5k for the same reasons they don't buy 20K.
For the HODLers, not a bad time to start building a long-term position.
For the cautious. Your best bet is to trade technicals until direction is confirmed. Short the highs and long the lows.
Disclaimer: I have been wrong before, so do your own research before making a final decision.
All the best!