๐ป Bitcoin Bears Bet Big Despite Recovery
Bitcoin bounced back above $107,000 after dipping below $100K earlier this week. Yet, market sentiment shows growing caution as traders open fresh short positions, betting on a decline despite BTCโs strong recovery. โ ๏ธ๐
๐ Shorts Dominate But Risks Remain
Data from Alphractal reveals a negative Net Delta, meaning shorts now outnumber longs. While this signals bearish bets, it doesnโt guarantee a sell-off. In a stable or bullish market, such heavy shorting could lead to a short squeeze, forcing bears to buy back at higher prices, pushing $BTC up further. ๐ฅ๐
๐ค Next Move Uncertain โ Bears Beware
Analysts warn bears to tread carefully as Bitcoin trades sideways around $107,309, up 5.2% in a week but just 0.2% in 24h. If BTC breaks resistance, trapped shorts could fuel another rally. Stay alert, markets remain unpredictable. ๐ง๐ก
Bitcoin bounced back above $107,000 after dipping below $100K earlier this week. Yet, market sentiment shows growing caution as traders open fresh short positions, betting on a decline despite BTCโs strong recovery. โ ๏ธ๐
๐ Shorts Dominate But Risks Remain
Data from Alphractal reveals a negative Net Delta, meaning shorts now outnumber longs. While this signals bearish bets, it doesnโt guarantee a sell-off. In a stable or bullish market, such heavy shorting could lead to a short squeeze, forcing bears to buy back at higher prices, pushing $BTC up further. ๐ฅ๐
๐ค Next Move Uncertain โ Bears Beware
Analysts warn bears to tread carefully as Bitcoin trades sideways around $107,309, up 5.2% in a week but just 0.2% in 24h. If BTC breaks resistance, trapped shorts could fuel another rally. Stay alert, markets remain unpredictable. ๐ง๐ก
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