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Bitcoin’s recent price decline has led to many traders betting on further downside, with on-chain data showing a notable increase in bearish positioning across major crypto exchanges. According to on-chain data from Santiment, aggregated funding rates have fallen into deep negative territory.
This level of deep short positioning has not been seen with Bitcoin since August 2024, a period that ultimately established a major bottom before a powerful multi-month recovery. Bitcoin traders are now back to…
Extreme Bitcoin Shorts Could Predict A Bottom, Here’s The Significance
