Bitcoin has been moving sideways between $100,000 and $110,000 for about a month. The price is consolidating in this range, and both long and short positions are building up here. There are two key levels within this range: $110,000 and $100,000. A clear breakout from either of these levels will likely reveal the true direction of the next move.
Looking inside this range, we can see that when short positions increase on Binance, short squeezes tend to occur. When long positions increase, long squeezes follow. Although long positions are currently slightly ahead, the ratio between long and short is actually quite balanced. This can also be seen through funding rates. Such a balanced environment suggests uncertainty in the market — traders are preparing for moves in both directions.
While long positions aren’t increasing much, short positions continue to rise. This shows that most market participants believe the rally may not continue. When Bitcoin's price starts to fall, and funding rates turn negative, it means shorts are piling in quickly. All of this points to this range being a highly sensitive zone.
In conclusion, within the $100K–$110K range, most traders are leaning toward short positions. This increases the chances of a move in the opposite direction. It’s possible that larger players are quietly accumulating in this zone.
Written by BorisVest
