At this moment, there are only $20 billion in orders allocated believing that BTC will rise and $85 billion allocated for its fall.

When there is overconfidence on one side, Bitcoin tends to surprise and go in the opposite direction.

In other words, historically, an excess of short positions is a good thing.

But with tensions in Iran escalating (more weaponry, planes, military exercises every day), I've found it difficult to believe in a local pullback.

What do you think? Is there something I'm missing that could act as a catalyst?