Traders Pile on Short Positions as Bitcoin Approaches Record High
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币界网报道：Despite Bitcoin trading above $110,000 with potential to surpass its $112,000 all-time high, traders are increasingly bearish. Data from Coinalyze reveals the long/short ratio dropped from 1.223 to 0.858 as BTC climbed from $106K to $110K, while open interest rose from $32B to $35B—indicating heavy short positioning. Bitcoin has remained range-bound between $100K-$110K since May, with RSI showing bearish divergence at resistance levels. The surge in shorts suggests traders are capitalizing on the range, though a short squeeze could trigger rapid upside if BTC breaks record highs.
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