Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Bitcoin has continued to trade within a tight range just below its previous all-time high, showing recent signs of upward movement but falling short of reclaiming its peak price. The asset recorded a seven-day high of $110,307, but it has since cooled, with current trading levels around $108,311, representing a slight 0.3% drop over the last 24 hours. While the broader market maintains cautious optimism, several indicators suggest that market pa…

Binance Traders Are Betting Against Bitcoin Bullish Momentum - Crypto News Flash

Falling funding rates on Binance suggest rising short positions despite Bitcoin’s bullish momentum. Short liquidations on Binance may accelerate upward pressure as traders misjudge the market trend. Bitcoin continues to show strength, but not everyone seems convinced. In recent days, the largest crypto asset has been moving in the range of $100,000 to $110,000, and interestingly, traders have started to take the opposite approach. Boris Vest, an…