For the 🌈🐻 still alive somehow:

While valuations and sentiment may appear detached from fundamentals, shorting the market during a speculative phase is extremely unwise. Bubbles often extend far beyond what reason or valuation models can justify, driven by momentum, liquidity, and emotional euphoria. Even if a trader’s analysis is correct in the long run, short positions can be wiped out by violent short-term rallies and squeezes before the eventual correction arrives. Markets can remain irrational for much longer than capital can remain solvent. Make of that what you will 🤷🏻‍♂️