What do you think about latest sharp rise of Short positions from Hedge Funds?
Perhaps due to the stubborn resistance level in the 69K - 71K range that has proven to be a hard one to crack. They are probably anticipating that the price might plunge once again in the near future before it can break through
But Markets are unpredictable. Anything can happen, and we could also see massive liquidations like we have seen in the past if a sudden unexpected uptrend happens.
It hits highest level since 2021 but will it affect Bitcoin price in coming months?
Bitcoins price movements have already been altered since the approval of ETFs. We even had a new all-time high even before Bitcoin halving, something that has never happened before. So whatever happens in the coming months, just be ready for a "new normal"
Also, I could not be the only one who has noticed that Bitcoin price volatility has sort of reduced.
