3 weeks ago we saw massiv price drops as $billions worth of positions were forced to liquidate on various trading platforms.
Funding rates on various exchanges are again at high leveles which might indicate that traders are overleveraged.
Positions are quite split between long/short, which means we could either see a huge swing to the upside or a swing to the downside, like 3 weeks ago - but maybe a little less brutal.
Stay carefull and don't use more leverage than you're comfortable with.