The bitcoin futures market has become bearish

Struggling to overcome the $103,000 mark, bitcoin futures traders are increasingly taking positions against the coin. According to Coinglass, the ratio of long to short positions—a key indicator of trader sentiment—has significantly shifted towards shorts since June 17.

This indicates a growing belief that the recent rise in BTC may slow down. At the time of publication, the ratio stands at 0.95, suggesting that more traders are betting against the altcoin.

Meanwhile, BBTrend for BTC reinforces the bearish forecast. Green candles on the chart are decreasing daily—this is a signal that bullish momentum and buyer activity in the bitcoin market are weakening.

Consistently negative BBTrend values indicate the dominance of selling pressure, which increases the likelihood of a prolonged price correction for BTC.

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