Data shows that the current profit ratio of Bitcoin unspent transaction outputs (UTXO) has reached a record high of 99.3%. Historical data indicates that, except for the bull market trap in November 2021, such periods of market euphoria typically last for 3-12 months. This round of euphoria has lasted for two weeks. There are two possible scenarios for shorting: either accurately catching the top or building a short position at the bottom of a parabolic rise.