The past few days brought a lot of turbulence to global markets.
You don’t need a crystal ball — one glance at your feed and it’s clear what everyone’s talking about.
In times like these, some loud voices start pushing the old narrative: Bitcoin and crypto are a safe haven. Reality looks a bit different.
On $HYPE the leaderboard tells another story:
➜ Longs: 40%
➜ Shorts: 60%
● Total open interest: $2.44B
➜ Longs: $969M
➜ Shorts: $1.477B
● Short positioning dominates across majors:
$BTC: 33% longs
$ETH: 34% longs
$SOL: 41% longs
$XRP: 47% longs
$SUI: 42% longs
● Meanwhile, more longs only appear on smaller caps:
$HYPE: 53% longs
#FARTCOIN: 58% longs
$PEPE: 57% longs
In simple terms: the market is heavily skewed to shorts on majors. Many expect Bitcoin to head for 90k.
But here’s the thing — when shorts pile up, they become fuel. Liquidating them first before any bigger move down makes sense.
Personally, I’m expecting a sharp squeeze up first. And then a real dump to close out the summer.
It’s going to get interesting.
