Under the rhythm of the entire market data being pumped, $BULL is still stuck at the bottom, not moving at all, and hasn't even given a decent rebound. The overall market data is about to explode, yet it remains completely unmoved. This type of non-rising trend has already indicated a problem.

It's not that there is no capital, but rather that there is no one to take it. The chips are fundamentally not clean, and the rebound will only be a trap for the bulls; as soon as there is a slight easing, it will continue to crash.
The structure in the chart is also very clear, after a wave of sharp decline there was a consolidation for unloading, followed by a small rebound, but the momentum was directly broken. It is now basically confirmed as a downward continuation, and the next wave of selling may come at any time.

In this trend, holding short positions is the right choice, and there's no need to hesitate. The more stable it is, the more it indicates that it has already been abandoned by the main players. It's only a matter of time before it drops.