According to Brad Freeman (@StockMarketNerd), recent short covering by bearish traders signals that many market participants may have closed their short positions and entered long at what could be the market bottom. For cryptocurrency traders, such sentiment shifts historically align with local bottoms, often leading to increased volatility and potential upward price momentum in major crypto assets (source: Brad Freeman Twitter, May 12, 2025). Monitoring short interest and trader positioning can provide valuable entry and exit signals for crypto market participants.