According to @GreeksLive, community sentiment is predominantly bearish as BTC sells off even while other futures markets print green, with traders noting short puts getting hit and weak momentum (source: @GreeksLive, Nov 3, 2025). Open interest is showing signs of life with shorts going all in per on-chain readouts, yet overall participation is still described as deader than dead (source: @GreeksLive, Nov 3, 2025). There is a split read on mechanics: rising OI with funding down and price down is interpreted by some as aggressive short selling with RSI near a floor, while others argue OI is lifted by long aping and DCA on bounces (source: @GreeksLive, Nov 3, 2025). Spot selling is identified as the decisive driver of the move, keeping the market vulnerable until spot supply abates regardless of futures positioning (source: @GreeksLive, Nov 3, 2025). Funding rates are mostly flat, with initial dips tied to liquidations rather than sustained directional pressure, signaling mixed conviction from both sides (source: @GreeksLive, Nov 3, 2025).