Bitcoin shorts got too excited. Typically it's a good contrarian indicator, it's tell's us that the sentiment is ultra bearish ATM. The only problem is who's going to sell when everyone already sold short on margin. Buying longterm here is a good idea, even though downside is plausible and i'd say still probable (60%). Check out my reasoning in the chart I've posted in september (link below) btw, this chart was absolutely spot on.
