Also something that matters is which side is more leveraged. You could have $2B in OI that's made up of one $500M whale buying on 2x and ten people selling $100M on 10x leverage. In that case the short side is more at risk. Unfortunately unless your name is CZ, you don't know that positioning for sure. But... you can assume the further and longer we go up, the less 10x+ shorts are left (they died) just like you can assume there's less 10x+ longs left after a big correction. So if anything the short side is probably more at risk here. More levered, more uPNL, more likely to close out. BUT the key thing here is spot needs to start moving against them to make them close out, otherwise they just keep getting a free ride.