The price of Bitcoin is stuck between $84,000 and $85,000. There is a very large short position (SHORT) open on Bitcoin ($BTC). The short position of $331.92 million, opened at $84,040, has not been closed yet. If the price of Bitcoin reaches $85,300, the position may get liquidated. The size of the position depresses the price of Bitcoin ($BTC). If the position is closed, the pressure will dissipate. We still have a bullish sentiment. We will witness a major bull market.

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