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

It's not that there is no capital, but that no one is willing to take it. The chips are simply not clean, and the rebound will only be a trap to lure in more buyers. A slight loosening will lead to continued selling.
The structure in the chart is also very clear. After a wave of selling, there was a consolidation to distribute, followed by a small rebound, but the strength was directly broken. It is now basically confirmed as a continuation of the decline, and the next wave of selling could come at any time.

In this trend, holding onto short positions is the right move; there's really no reason to hesitate. The more stable it is, the more it indicates that it has already been abandoned by the main players. A drop is just a matter of time.